3, THE ELMS, CODICOTE, HITCHIN, SG4 8XS - £387,500

3 THE ELMS is a small detached house of 112m², built sometime between 1967 and 1975. It was last sold for £387,500 in May 2013, which was around 4% below the average May 2013 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

3 THE ELMS Sold Prices

Land registry data shows three sales for 3 THE ELMS 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 3 THE ELMS 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
2013 31 MAY	£387,500	£403,897	4% below HPI
2003 16 MAY	£299,950	£304,427	1% below HPI
2002 25 SEP	£250,000	£277,959	10% below HPI

3 THE ELMS 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 3 THE ELMS sales between September 2002 and May 2013 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 May 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2013 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 3 THE ELMS?

3 THE ELMS is 112m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses in Codicote, based on EPC data. The below chart shows the distribution of detached houses by size in Codicote, and where 3 THE ELMS lies on this distribution: 33% of detached houses are smaller than 3 THE ELMS, and 66% of houses are larger. Note that EPC data is not available for all properties in Codicote.

3 THE ELMS: Plot and Title Map

3 THE ELMS sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 3 THE ELMS, 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 3 THE ELMS). 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 3 THE ELMS?

3 THE ELMS is located in CODICOTE, in the SG4 postcode district. The below map shows the position of No. 3 on THE ELMS.