THE NEW HOUSE, GIPSY LANE, KNEBWORTH, SG3 6DJ - £695,000

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.

THE NEW HOUSE is a midsized extended detached house of 160m², built sometime between 1983 and 1990, which could now be worth an estimated £808,025. It was last sold for £695,000 in November 2019, which was around 4% above the average November 2019 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

THE NEW HOUSE Sold Prices

Land registry data shows two sales for THE NEW HOUSE 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. One of the two THE NEW HOUSE sales was for above the average price, whilst the other was 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
2019 15 NOV	£695,000	£667,595	4% above HPI
2012 9 NOV	£328,000	£441,585	26% below HPI

THE NEW HOUSE 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 THE NEW HOUSE sales from November 2012 and November 2019 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 November 2012 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2019 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might THE NEW HOUSE be worth now?

THE NEW HOUSE might now be worth an estimated £808,025.

This is based on house price inflation of 16.3%, between November 2019 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 16.3% inflationary increase is applied to the most recent sale price for THE NEW HOUSE of £695,000 on 15th November 2019. For the value to have increased from £695,000 to £808,025 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of THE NEW HOUSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The November 2019 sale price of £695,000 represented a fair market value for the property.
• The size, condition, and specification of THE NEW HOUSE has not materially changed since November 2019.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 160m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses houses in Knebworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knebworth, and where THE NEW HOUSE lies on this distribution: 54% of detached houses houses are smaller than THE NEW HOUSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Knebworth.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of THE NEW HOUSE, 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 THE NEW HOUSE). 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 THE NEW HOUSE?

THE NEW HOUSE is located on GIPSY LANE in KNEBWORTH, in the SG3 postcode district. The below map shows the position of THE NEW HOUSE on GIPSY LANE.