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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GRASSWAYS is a very large extended detached house of 284m², built sometime between 1900 and 1929, which could now be worth an estimated £1,604,568. It was last sold for £1,375,000 in March 2020, which was around 107% 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	£665,116	107% above HPI
2010 19 NOV	£785,000	£437,866	79% 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 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the March 2020 sale, where it rises to 107% above the HPI. The line then continues to track at 107% above the HPI.

What might GRASSWAYS be worth now?

GRASSWAYS might now be worth an estimated £1,604,568.

This is based on house price inflation of 16.7%, between March 2020 and February 2025, 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 16.7% inflationary increase is applied to the most recent sale price for GRASSWAYS of £1,375,000 on 19th March 2020. For the value to have increased from £1,375,000 to £1,604,568 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of GRASSWAYS has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The March 2020 sale price of £1,375,000 represented a fair market value for the property.
• The size, condition, and specification of GRASSWAYS has not materially changed since March 2020.

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 10% of detached houses houses in Gosmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosmore, and where GRASSWAYS lies on this distribution: 90% of detached houses 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.