ELSTEAD, WHINBUSH ROAD, HITCHIN, SG5 1PN - £263,000

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

ELSTEAD is a very small detached house of 85m², built sometime between 1930 and 1949, which could now be worth an estimated £467,394. It was last sold for £263,000 in October 2012, which was around 41% below the average October 2012 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was B.

ELSTEAD Sold Prices

Land registry data shows two sales for ELSTEAD 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 ELSTEAD 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
2012 30 OCT	£263,000	£445,718	41% below HPI
2003 11 APR	£160,000	£328,881	51% below HPI

ELSTEAD 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 ELSTEAD sales from April 2003 and October 2012 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 2003 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the October 2012 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might ELSTEAD be worth now?

ELSTEAD might now be worth an estimated £467,394.

This is based on house price inflation of 77.7%, between October 2012 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 77.7% inflationary increase is applied to the most recent sale price for ELSTEAD of £263,000 on 30th October 2012. For the value to have increased from £263,000 to £467,394 over the eleven years and ten months to December 2024, the following assumptions must hold true:

• The value of ELSTEAD has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The October 2012 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of ELSTEAD has not materially changed since October 2012.

How Large is ELSTEAD?

ELSTEAD is 85m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% 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 ELSTEAD lies on this distribution: 11% of detached houses houses are smaller than ELSTEAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

ELSTEAD: Plot and Title Map

ELSTEAD sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of ELSTEAD, 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 ELSTEAD). 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 ELSTEAD?

ELSTEAD is located on WHINBUSH ROAD in HITCHIN, in the SG5 postcode district. The below map shows the position of ELSTEAD on WHINBUSH ROAD.