8, MARTIN WAY, LETCHWORTH GARDEN CITY, SG6 4XU - £335,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 MARTIN WAY is a very small detached house of 76m², built sometime between 1996 and 2002. It was last sold for £335,000 in February 2021, which was around 48% below the average February 2021 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

8 MARTIN WAY Sold Prices

Land registry data shows five sales for 8 MARTIN WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the five 8 MARTIN WAY sales were 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
2021 25 FEB	£335,000	£641,875	48% below HPI
2015 2 NOV	£255,000	£539,032	53% below HPI
2011 28 APR	£185,000	£401,039	54% below HPI
2009 31 JUL	£185,000	£355,517	48% below HPI
1997 31 JAN	£69,950	£122,886	43% below HPI

8 MARTIN WAY 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 five 8 MARTIN WAY sales between January 1997 and February 2021 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 November 2015 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the February 2021 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 8 MARTIN WAY?

8 MARTIN WAY is 76m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 8 MARTIN WAY lies on this distribution: 7% of detached houses are smaller than 8 MARTIN WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

8 MARTIN WAY: Plot and Title Map

8 MARTIN WAY sits on a plot of roughly 3.0 acres, or 12,341m². The below map shows the location of 8 MARTIN WAY, 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 MARTIN WAY). 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 MARTIN WAY?

8 MARTIN WAY is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 8 on MARTIN WAY.