OAKWOOD, GOSMORE ROAD, HITCHIN, SG4 9AN - £1,750,000

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

OAKWOOD is a very large extended detached house of 283m², built sometime between 1900 and 1929. It was last sold for £1,750,000 in October 2024, which was around 119% above the average October 2024 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2024, where the current energy rating was B, and the potential energy rating was B.

OAKWOOD Sold Prices

Land registry data shows three sales for OAKWOOD 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 OAKWOOD 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
2024 16 OCT	£1,750,000	£798,113	119% above HPI
2012 24 APR	£875,000	£436,685	100% above HPI
2002 9 AUG	£683,000	£295,206	131% above HPI

OAKWOOD 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 OAKWOOD sales between August 2002 and October 2024 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 2012 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the October 2024 sale, where it rises to 119% above the HPI. The line then continues to track at 119% above the HPI.

What might OAKWOOD be worth now?

OAKWOOD might now be worth an estimated £1,736,846.

This is based on house price deflation of 0.8%, between October 2024 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 0.8% deflationary decrease is applied to the most recent sale price for OAKWOOD of £1,750,000 on 16th October 2024. For the value to have decreased from £1,750,000 to £1,736,846 over the ten months to December 2024, the following assumptions must hold true:

• The value of OAKWOOD has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The October 2024 sale price of £1,750,000 represented a fair market value for the property.
• The size, condition, and specification of OAKWOOD has not materially changed since October 2024.

How Large is OAKWOOD?

OAKWOOD is 283m², which includes one extension, according to the EPC inspection conducted in May 2024. 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 OAKWOOD lies on this distribution: 98% of detached houses houses are smaller than OAKWOOD, and 2% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

OAKWOOD: Plot and Title Map

OAKWOOD sits on a plot of roughly 0.331 of an acre, or 1,338m². The below map shows the location of OAKWOOD, 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 OAKWOOD). 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 OAKWOOD?

OAKWOOD is located on GOSMORE ROAD in HITCHIN, in the SG4 postcode district. The below map shows the position of OAKWOOD on GOSMORE ROAD.