8, SCHOOL LANE, WELWYN, AL6 9PH - £550,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 SCHOOL LANE is a very small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £550,000 in October 2023, which was around 40% below the average October 2023 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

8 SCHOOL LANE Sold Prices

Land registry data shows two sales for 8 SCHOOL 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 Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 8 SCHOOL LANE 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
2023 18 OCT	£550,000	£920,812	40% below HPI
1997 18 MAR	£134,000	£181,613	26% below HPI

8 SCHOOL LANE 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 SCHOOL LANE sales from March 1997 and October 2023 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 March 1997 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2023 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 8 SCHOOL LANE?

8 SCHOOL LANE is 75m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of detached houses in Welwyn, based on EPC data. The below chart shows the distribution of detached houses by size in Welwyn, and where 8 SCHOOL LANE lies on this distribution: 1% of detached houses are smaller than 8 SCHOOL LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Welwyn.

8 SCHOOL LANE: Plot and Title Map

8 SCHOOL LANE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 8 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

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