8, OLDEN MEAD, LETCHWORTH GARDEN CITY, SG6 2SP - £302,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 OLDEN MEAD is a small extended detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £592,002. It was last sold for £302,000 in October 2009, which was around 24% below the average October 2009 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

8 OLDEN MEAD Sold Prices

Land registry data shows two sales for 8 OLDEN MEAD 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. Both of the two 8 OLDEN MEAD 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
2009 16 OCT	£302,000	£395,947	24% below HPI
2007 4 APR	£292,000	£416,676	30% below HPI

8 OLDEN MEAD 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 OLDEN MEAD sales from April 2007 and October 2009 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 April 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2009 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 8 OLDEN MEAD be worth now?

8 OLDEN MEAD might now be worth an estimated £592,002.

This is based on house price inflation of 96%, between October 2009 and February 2025, 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 96% inflationary increase is applied to the most recent sale price for 8 OLDEN MEAD of £302,000 on 16th October 2009. For the value to have increased from £302,000 to £592,002 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 OLDEN MEAD has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The October 2009 sale price of £302,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLDEN MEAD has not materially changed since October 2009.

How Large is 8 OLDEN MEAD?

8 OLDEN MEAD is 106m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the smallest 30% of detached houses houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Letchworth, and where 8 OLDEN MEAD lies on this distribution: 29% of detached houses houses are smaller than 8 OLDEN MEAD, and 71% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

8 OLDEN MEAD: Plot and Title Map

8 OLDEN MEAD sits on a plot of roughly 1.1 acres, or 4,409m². The below map shows the location of 8 OLDEN MEAD, 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 OLDEN MEAD). 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 OLDEN MEAD?

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