FINLANDIA, KINGS WALDEN ROAD, OFFLEY, HITCHIN, SG5 3DT - £652,000

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

FINLANDIA is a large extended detached house of 170m², built sometime between 1967 and 1975. It was last sold for £652,000 in September 2017, which was around 6% above the average September 2017 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

FINLANDIA Sold Prices

Land registry data shows three sales for FINLANDIA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the three FINLANDIA 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
2017 29 SEP	£652,000	£616,109	6% above HPI
2009 11 MAR	£360,000	£351,790	2% above HPI
2004 7 MAY	£350,000	£327,007	7% above HPI

FINLANDIA 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 three FINLANDIA sales between May 2004 and September 2017 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 2009 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the September 2017 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is FINLANDIA?

FINLANDIA is 170m², which includes two extensions, according to the EPC inspection conducted in October 2008. This puts it in the largest 30% of detached houses in Great Offley, based on EPC data. The below chart shows the distribution of detached houses by size in Great Offley, and where FINLANDIA lies on this distribution: 71% of detached houses are smaller than FINLANDIA, and 29% of houses are larger. Note that EPC data is not available for all properties in Great Offley.

FINLANDIA: Plot and Title Map

FINLANDIA sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of FINLANDIA, 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 FINLANDIA). 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 FINLANDIA?

FINLANDIA is located on KINGS WALDEN ROAD in OFFLEY, in the SG5 postcode district. The below map shows the position of FINLANDIA on KINGS WALDEN ROAD.