11, THE MEADS, LETCHWORTH GARDEN CITY, SG6 3SE - £400,000

11 THE MEADS is a very small extended detached house of 87m², built sometime between 1930 and 1949. It was last sold for £400,000 in September 2015, which was around 25% below the average September 2015 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

11 THE MEADS Sold Prices

Land registry data shows three sales for 11 THE MEADS 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 11 THE MEADS 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
2015 9 SEP	£400,000	£531,487	25% below HPI
2008 24 JUL	£371,000	£397,012	7% below HPI
2008 11 FEB	£278,875	£403,857	31% below HPI

11 THE MEADS 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 11 THE MEADS sales between February 2008 and September 2015 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 July 2008 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2015 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 11 THE MEADS?

11 THE MEADS is 87m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 20% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 11 THE MEADS lies on this distribution: 14% of detached houses are smaller than 11 THE MEADS, and 86% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

11 THE MEADS: Plot and Title Map

11 THE MEADS sits on a plot of roughly 0.523 of an acre, or 2,115m². The below map shows the location of 11 THE MEADS, 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 11 THE MEADS). 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 11 THE MEADS?

11 THE MEADS is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 11 on THE MEADS.