24, CHERRY TREE RISE, WALKERN, STEVENAGE, SG2 7JL - £199,995

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.

24 CHERRY TREE RISE is a very small terraced house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £305,277. It was last sold for £199,995 in August 2014, which was around 27% below the average August 2014 terraced price in the East Hertfordshire local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

24 CHERRY TREE RISE Sold Prices

Land registry data shows three sales for 24 CHERRY TREE RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Hertfordshire local authority area for the corresponding sale date. All of the three 24 CHERRY TREE RISE 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
2014 18 AUG	£199,995	£273,131	27% below HPI
2009 7 AUG	£170,000	£212,601	20% below HPI
2005 11 NOV	£157,000	£205,666	24% below HPI

24 CHERRY TREE RISE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Hertfordshire local authority area over time, sourced from the HPI. The three 24 CHERRY TREE RISE sales between November 2005 and August 2014 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 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2014 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 24 CHERRY TREE RISE be worth now?

24 CHERRY TREE RISE might now be worth an estimated £305,277.

This is based on house price inflation of 52.6%, between August 2014 and May 2026, for terraced houses, in the East Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.6% inflationary increase is applied to the most recent sale price for 24 CHERRY TREE RISE of £199,995 on 18th August 2014. For the value to have increased from £199,995 to £305,277 over the twelve years and three months to May 2026, the following assumptions must hold true:

• The value of 24 CHERRY TREE RISE has moved in line with the HPI for terraced houses in the East Hertfordshire local authority area.
• The August 2014 sale price of £199,995 represented a fair market value for the property.
• The size, condition, and specification of 24 CHERRY TREE RISE has not materially changed since August 2014.

How Large is 24 CHERRY TREE RISE?

24 CHERRY TREE RISE is 56m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 10% of terraced houses houses in Walkern, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Walkern, and where 24 CHERRY TREE RISE lies on this distribution: Less than 1% of terraced houses houses are smaller than 24 CHERRY TREE RISE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Walkern.

24 CHERRY TREE RISE: Plot and Title Map

24 CHERRY TREE RISE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 24 CHERRY TREE RISE, 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 24 CHERRY TREE RISE). 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 24 CHERRY TREE RISE?

24 CHERRY TREE RISE is located in WALKERN, in the SG2 postcode district. The below map shows the position of No. 24 on CHERRY TREE RISE.