GRASSWAYS, NEWLANDS LANE, HITCHIN, SG4 9BB - £1,375,000

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

GRASSWAYS is a very large extended detached house of 284m², built sometime between 1900 and 1929. It was last sold for £1,375,000 in March 2020, which was around 123% above the average March 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was C.

GRASSWAYS Sold Prices

Land registry data shows two sales for GRASSWAYS 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 GRASSWAYS 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
2020 19 MAR	£1,375,000	£616,030	123% above HPI
2010 19 NOV	£785,000	£405,551	94% above HPI

GRASSWAYS 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 GRASSWAYS sales from November 2010 and March 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 November 2010 sale was for 94% above the HPI. So the extrapolation line tracks at 94% above the HPI over time, until the March 2020 sale, where it rises to 123% above the HPI. The line then continues to track at 123% above the HPI.

How Large is GRASSWAYS?

GRASSWAYS is 284m², which includes four extensions, according to the EPC inspection conducted in October 2019. This puts it in the largest 20% of detached houses in Gosmore, based on EPC data. The below chart shows the distribution of detached houses by size in Gosmore, and where GRASSWAYS lies on this distribution: 90% of detached houses are smaller than GRASSWAYS, and 10% of houses are larger. Note that EPC data is not available for all properties in Gosmore.

GRASSWAYS: Plot and Title Map

GRASSWAYS sits on a plot of roughly 0.413 of an acre, or 1,671m². The below map shows the location of GRASSWAYS, 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 GRASSWAYS). 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 GRASSWAYS?

GRASSWAYS is located on NEWLANDS LANE in HITCHIN, in the SG4 postcode district. The below map shows the position of GRASSWAYS on NEWLANDS LANE.