1, GRAYS CLOSE, ROYSTON, SG8 5AS - £285,000

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.

1 GRAYS CLOSE is a very small extended semi-detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £351,975. It was last sold for £285,000 in August 2019, which was around 27% below the average August 2019 semi-detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

1 GRAYS CLOSE Sold Prices

Land registry data shows two sales for 1 GRAYS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 1 GRAYS CLOSE 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
2019 23 AUG	£285,000	£388,123	27% below HPI
2014 31 JAN	£195,000	£273,266	29% below HPI

1 GRAYS CLOSE 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 two 1 GRAYS CLOSE sales from January 2014 and August 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 January 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2019 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 GRAYS CLOSE be worth now?

1 GRAYS CLOSE might now be worth an estimated £351,975.

This is based on house price inflation of 23.5%, between August 2019 and May 2026, 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 23.5% inflationary increase is applied to the most recent sale price for 1 GRAYS CLOSE of £285,000 on 23rd August 2019. For the value to have increased from £285,000 to £351,975 over the seven years and three months to May 2026, the following assumptions must hold true:

• The value of 1 GRAYS CLOSE has moved in line with the HPI for semi-detached houses in the North Hertfordshire local authority area.
• The August 2019 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GRAYS CLOSE has not materially changed since August 2019.

How Large is 1 GRAYS CLOSE?

1 GRAYS CLOSE is 74m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of semi-detached houses houses in Royston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Royston, and where 1 GRAYS CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 1 GRAYS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Royston.

1 GRAYS CLOSE: Plot and Title Map

1 GRAYS CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 1 GRAYS CLOSE, 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 1 GRAYS CLOSE). 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 1 GRAYS CLOSE?

1 GRAYS CLOSE is located in ROYSTON, in the SG8 postcode district. The below map shows the position of No. 1 on GRAYS CLOSE.