SOUTH BANK, MIDLAND COTTAGES, NIGHTINGALE ROAD, HITCHIN, SG5 1RW - £429,995

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

SOUTH BANK is a midsized detached house of 123m², built sometime between 2003 and 2006. It was last sold for £429,995 in June 2010, which was around 1% below the average June 2010 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

SOUTH BANK Sold Prices

Land registry data shows two sales for SOUTH BANK 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 SOUTH BANK 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
2010 11 JUN	£429,995	£433,599	1% below HPI
2004 27 AUG	£326,500	£364,740	10% below HPI

SOUTH BANK 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 SOUTH BANK sales from August 2004 and June 2010 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 August 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2010 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might SOUTH BANK be worth now?

SOUTH BANK might now be worth an estimated £785,530.

This is based on house price inflation of 82.7%, between June 2010 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 82.7% inflationary increase is applied to the most recent sale price for SOUTH BANK of £429,995 on 11th June 2010. For the value to have increased from £429,995 to £785,530 over the thirteen years and six months to December 2024, the following assumptions must hold true:

• The value of SOUTH BANK has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The June 2010 sale price of £429,995 represented a fair market value for the property.
• The size, condition, and specification of SOUTH BANK has not materially changed since June 2010.

How Large is SOUTH BANK?

SOUTH BANK is 123m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 50% 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 SOUTH BANK lies on this distribution: 49% of detached houses houses are smaller than SOUTH BANK, and 51% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

SOUTH BANK: Plot and Title Map

SOUTH BANK sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of SOUTH BANK, 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 SOUTH BANK). 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 SOUTH BANK?

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