8, PINE CREST, WELWYN, AL6 0EQ - £925,000

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 PINE CREST is a very large extended detached house of 251m², built sometime between 1991 and 1995, which could now be worth an estimated £1,030,154. It was last sold for £925,000 in February 2018, which was around 10% above the average February 2018 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

8 PINE CREST Sold Prices

Land registry data shows two sales for 8 PINE CREST since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 8 PINE CREST sales were for above 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
2018 20 FEB	£925,000	£842,218	10% above HPI
2018 2 FEB	£950,000	£842,218	13% above HPI

8 PINE CREST Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The two 8 PINE CREST sales from February 2018 and February 2018 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 2018 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2018 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 8 PINE CREST be worth now?

8 PINE CREST might now be worth an estimated £1,030,154.

This is based on house price inflation of 11.4%, between February 2018 and February 2025, for detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.4% inflationary increase is applied to the most recent sale price for 8 PINE CREST of £925,000 on 20th February 2018. For the value to have increased from £925,000 to £1,030,154 over the seven years to February 2025, the following assumptions must hold true:

• The value of 8 PINE CREST has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The February 2018 sale price of £925,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PINE CREST has not materially changed since February 2018.

How Large is 8 PINE CREST?

8 PINE CREST is 251m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 10% of detached houses houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oaklands, and where 8 PINE CREST lies on this distribution: 90% of detached houses houses are smaller than 8 PINE CREST, and 10% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

8 PINE CREST: Plot and Title Map

8 PINE CREST sits on a plot of roughly 0.282 of an acre, or 1,142m². The below map shows the location of 8 PINE CREST, 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 PINE CREST). 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 PINE CREST?

8 PINE CREST is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 8 on PINE CREST.