2, GAPING LANE, HITCHIN, SG5 2JQ - £392,000

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.

2 GAPING LANE is a very small extended terraced house of 67m², built sometime before 1900, which could now be worth an estimated £483,874. It was last sold for £392,000 in November 2016, which was around 30% above the average November 2016 terraced price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was F, and the potential energy rating was B.

2 GAPING LANE Sold Prices

Land registry data shows four sales for 2 GAPING LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 2 GAPING LANE 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
2016 29 NOV	£392,000	£300,833	30% above HPI
2013 30 AUG	£260,000	£205,706	26% above HPI
2005 8 JUL	£200,000	£175,214	14% above HPI
1997 5 SEP	£85,000	£65,348	30% above HPI

2 GAPING LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Hertfordshire local authority area over time, sourced from the HPI. The four 2 GAPING LANE sales between September 1997 and November 2016 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 2013 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2016 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 2 GAPING LANE be worth now?

2 GAPING LANE might now be worth an estimated £483,874.

This is based on house price inflation of 23.4%, between November 2016 and August 2025, for terraced 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 23.4% inflationary increase is applied to the most recent sale price for 2 GAPING LANE of £392,000 on 29th November 2016. For the value to have increased from £392,000 to £483,874 over the nine years and three months to August 2025, the following assumptions must hold true:

• The value of 2 GAPING LANE has moved in line with the HPI for terraced houses in the North Hertfordshire local authority area.
• The November 2016 sale price of £392,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GAPING LANE has not materially changed since November 2016.

How Large is 2 GAPING LANE?

2 GAPING LANE is 67m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of terraced houses houses in Hitchin, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hitchin, and where 2 GAPING LANE lies on this distribution: 1% of terraced houses houses are smaller than 2 GAPING LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

2 GAPING LANE: Plot and Title Map

2 GAPING LANE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 2 GAPING LANE, 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 2 GAPING LANE). 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 2 GAPING LANE?

2 GAPING LANE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 2 on GAPING LANE.