GREENTREES, NEWLANDS LANE, HITCHIN, SG4 9AY - £1,605,345

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

GREENTREES is a very large extended detached house of 264m², built sometime between 1967 and 1975. It was last sold for £1,605,345 in June 2022, which was around 112% above the average June 2022 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

GREENTREES Sold Prices

Land registry data shows three sales for GREENTREES 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 GREENTREES 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
2022 22 JUN	£1,605,345	£755,732	112% above HPI
2016 23 FEB	£767,500	£609,886	26% above HPI
1995 21 DEC	£170,000	£123,641	37% above HPI

GREENTREES 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 GREENTREES sales between December 1995 and June 2022 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 February 2016 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2022 sale, where it rises to 112% above the HPI. The line then continues to track at 112% above the HPI.

What might GREENTREES be worth now?

GREENTREES might now be worth an estimated £1,682,629.

This is based on house price inflation of 4.8%, between June 2022 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 4.8% inflationary increase is applied to the most recent sale price for GREENTREES of £1,605,345 on 22nd June 2022. For the value to have increased from £1,605,345 to £1,682,629 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of GREENTREES has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The June 2022 sale price of £1,605,345 represented a fair market value for the property.
• The size, condition, and specification of GREENTREES has not materially changed since June 2022.

How Large is GREENTREES?

GREENTREES is 264m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 10% 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 GREENTREES lies on this distribution: 98% of detached houses houses are smaller than GREENTREES, and 2% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

GREENTREES: Plot and Title Map

GREENTREES sits on a plot of roughly 0.274 of an acre, or 1,110m². The below map shows the location of GREENTREES, 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 GREENTREES). 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 GREENTREES?

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