8, GRAYS LANE, HITCHIN, SG5 2HD - £780,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 GRAYS LANE is a midsized extended detached house of 133m², built sometime between 1967 and 1975. It was last sold for £780,000 in July 2024, which was around 6% above the average July 2024 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

8 GRAYS LANE Sold Prices

Land registry data shows two sales for 8 GRAYS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. One of the two 8 GRAYS LANE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 19 JUL	£780,000	£734,345	6% above HPI
2020 21 FEB	£650,000	£680,593	4% below HPI

8 GRAYS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The two 8 GRAYS LANE sales from February 2020 and July 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2020 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2024 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 8 GRAYS LANE be worth now?

8 GRAYS LANE might now be worth an estimated £841,361.

This is based on house price inflation of 7.9%, between July 2024 and December 2024, for detached houses, in the North Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.9% inflationary increase is applied to the most recent sale price for 8 GRAYS LANE of £780,000 on 19th July 2024. For the value to have increased from £780,000 to £841,361 over the seven months to December 2024, the following assumptions must hold true:

• The value of 8 GRAYS LANE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The July 2024 sale price of £780,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRAYS LANE has not materially changed since July 2024.

How Large is 8 GRAYS LANE?

8 GRAYS LANE is 133m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the largest 50% of detached houses houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hitchin, and where 8 GRAYS LANE lies on this distribution: 58% of detached houses houses are smaller than 8 GRAYS LANE, and 42% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

8 GRAYS LANE: Plot and Title Map

8 GRAYS LANE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 8 GRAYS LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 GRAYS LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 GRAYS LANE?

8 GRAYS LANE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 8 on GRAYS LANE.