PIERSON, MIDLAND COTTAGES, NIGHTINGALE ROAD, HITCHIN, SG5 1RW - £461,000

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

PIERSON is a very small semi-detached house of 73m², built sometime from 2007 onwards. It was last sold for £461,000 in September 2021, which was around 9% above the average September 2021 semi-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.

PIERSON Sold Prices

Land registry data shows four sales for PIERSON since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the four PIERSON 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
2021 30 SEP	£461,000	£421,193	9% above HPI
2014 30 MAY	£320,000	£289,506	11% above HPI
2010 13 MAY	£274,995	£251,347	9% above HPI
2007 27 FEB	£375,000	£244,201	54% above HPI

PIERSON Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The four PIERSON sales between February 2007 and September 2021 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 May 2014 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2021 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might PIERSON be worth now?

PIERSON might now be worth an estimated £516,340.

This is based on house price inflation of 12%, between September 2021 and December 2024, for semi-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 12% inflationary increase is applied to the most recent sale price for PIERSON of £461,000 on 30th September 2021. For the value to have increased from £461,000 to £516,340 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of PIERSON has moved in line with the HPI for semi-detached houses in the North Hertfordshire local authority area.
• The September 2021 sale price of £461,000 represented a fair market value for the property.
• The size, condition, and specification of PIERSON has not materially changed since September 2021.

How Large is PIERSON?

PIERSON is 73m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of semi-detached houses houses in Hitchin, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hitchin, and where PIERSON lies on this distribution: 3% of semi-detached houses houses are smaller than PIERSON, and 96% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

PIERSON: Plot and Title Map

PIERSON sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of PIERSON, 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 PIERSON). 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 PIERSON?

PIERSON, MIDLAND COTTAGES is located on NIGHTINGALE ROAD in HITCHIN, in the SG5 postcode district. The below map shows the position of PIERSON, MIDLAND COTTAGES on NIGHTINGALE ROAD.