GREENWAYS, NEVELLS GREEN, LETCHWORTH GARDEN CITY, SG6 4UA - £655,000

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.

GREENWAYS is a large extended detached house of 141m², built sometime between 1976 and 1982, which could now be worth an estimated £662,991. It was last sold for £655,000 in November 2022, which was around 15% below the average November 2022 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

GREENWAYS Sold Prices

Land registry data shows two sales for GREENWAYS 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 GREENWAYS sales were for below 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 18 NOV	£655,000	£766,808	15% below HPI
2006 5 SEP	£360,000	£410,065	12% below HPI

GREENWAYS 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 GREENWAYS sales from September 2006 and November 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 September 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might GREENWAYS be worth now?

GREENWAYS might now be worth an estimated £662,991.

This is based on house price inflation of 1.2%, between November 2022 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 1.2% inflationary increase is applied to the most recent sale price for GREENWAYS of £655,000 on 18th November 2022. For the value to have increased from £655,000 to £662,991 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of GREENWAYS has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The November 2022 sale price of £655,000 represented a fair market value for the property.
• The size, condition, and specification of GREENWAYS has not materially changed since November 2022.

How Large is GREENWAYS?

GREENWAYS is 141m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 40% of detached houses houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Letchworth, and where GREENWAYS lies on this distribution: 64% of detached houses houses are smaller than GREENWAYS, and 35% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

GREENWAYS: Plot and Title Map

GREENWAYS sits on a plot of roughly 0.628 of an acre, or 2,542m². The below map shows the location of GREENWAYS, 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 GREENWAYS). 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 GREENWAYS?

GREENWAYS is located on NEVELLS GREEN in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of GREENWAYS on NEVELLS GREEN.