8, THE RIDGEWAY, HITCHIN, SG5 2BT - £650,000

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 THE RIDGEWAY is a very large extended detached house of 219m², built sometime between 1950 and 1966. It was last sold for £650,000 in November 2014, which was around 34% above the average November 2014 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was C.

8 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 8 THE RIDGEWAY 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 THE RIDGEWAY 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
2014 7 NOV	£650,000	£485,812	34% above HPI
2004 10 FEB	£370,000	£322,305	15% above HPI

8 THE RIDGEWAY 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 THE RIDGEWAY sales from February 2004 and November 2014 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 2004 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2014 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 8 THE RIDGEWAY?

8 THE RIDGEWAY is 219m², which includes four extensions, according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses by size in Hitchin, and where 8 THE RIDGEWAY lies on this distribution: 93% of detached houses are smaller than 8 THE RIDGEWAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

8 THE RIDGEWAY: Plot and Title Map

8 THE RIDGEWAY sits on a plot of roughly 0.193 of an acre, or 783m². The below map shows the location of 8 THE RIDGEWAY, 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 THE RIDGEWAY). 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 THE RIDGEWAY?

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