GRAIGLEA, UPPER TILEHOUSE STREET, HITCHIN, SG5 2EF - £621,000

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

GRAIGLEA is a midsized extended detached house of 135m², built sometime between 1900 and 1929. It was last sold for £621,000 in September 2020, which was around 10% below the average September 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

GRAIGLEA Sold Prices

Land registry data shows three sales for GRAIGLEA 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. Two of the three GRAIGLEA sales were for below the average price, whilst one was 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
2020 28 SEP	£621,000	£690,768	10% below HPI
2015 30 APR	£581,500	£534,719	9% above HPI
2008 26 SEP	£250,000	£409,703	39% below HPI

GRAIGLEA 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 GRAIGLEA sales between September 2008 and September 2020 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 2015 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the September 2020 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might GRAIGLEA be worth now?

GRAIGLEA might now be worth an estimated £712,110.

This is based on house price inflation of 14.7%, between September 2020 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 14.7% inflationary increase is applied to the most recent sale price for GRAIGLEA of £621,000 on 28th September 2020. For the value to have increased from £621,000 to £712,110 over the three years and nine months to December 2024, the following assumptions must hold true:

• The value of GRAIGLEA has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The September 2020 sale price of £621,000 represented a fair market value for the property.
• The size, condition, and specification of GRAIGLEA has not materially changed since September 2020.

How Large is GRAIGLEA?

GRAIGLEA is 135m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 40% 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 GRAIGLEA lies on this distribution: 59% of detached houses houses are smaller than GRAIGLEA, and 40% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

GRAIGLEA: Plot and Title Map

GRAIGLEA sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of GRAIGLEA, 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 GRAIGLEA). 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 GRAIGLEA?

GRAIGLEA is located on UPPER TILEHOUSE STREET in HITCHIN, in the SG5 postcode district. The below map shows the position of GRAIGLEA on UPPER TILEHOUSE STREET.