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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 24% 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	£524,522	24% above HPI
2004 10 FEB	£370,000	£347,986	6% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2014 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 8 THE RIDGEWAY be worth now?

8 THE RIDGEWAY might now be worth an estimated £981,606.

This is based on house price inflation of 51%, between November 2014 and December 2024, 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 51% inflationary increase is applied to the most recent sale price for 8 THE RIDGEWAY of £650,000 on 7th November 2014. For the value to have increased from £650,000 to £981,606 over the nine years and eleven months to December 2024, the following assumptions must hold true:

• The value of 8 THE RIDGEWAY has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The November 2014 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE RIDGEWAY has not materially changed since November 2014.

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 houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hitchin, and where 8 THE RIDGEWAY lies on this distribution: 93% of detached houses 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.