31, NEW TOWN, CODICOTE, HITCHIN, SG4 8UG - £302,000

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.

31 NEW TOWN is a very small extended terraced house of 52m², built sometime before 1900, which could now be worth an estimated £322,105. It was last sold for £302,000 in July 2023, which was around 15% below the average July 2023 terraced price in the North Hertfordshire local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

31 NEW TOWN Sold Prices

Land registry data shows seven sales for 31 NEW TOWN since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the North Hertfordshire local authority area for the corresponding sale date. Most of the seven 31 NEW TOWN 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
2023 10 JUL	£302,000	£354,095	15% below HPI
2011 16 DEC	£187,500	£197,486	5% below HPI
2005 12 AUG	£180,000	£175,297	3% above HPI
2002 22 MAR	£132,000	£108,838	21% above HPI
2000 23 JUN	£104,500	£92,538	13% above HPI
1998 8 MAY	£88,000	£70,319	25% above HPI
1995 3 NOV	£66,500	£56,190	18% above HPI

31 NEW TOWN 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 seven 31 NEW TOWN sales between November 1995 and July 2023 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 December 2011 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 31 NEW TOWN be worth now?

31 NEW TOWN might now be worth an estimated £322,105.

This is based on house price inflation of 6.7%, between July 2023 and April 2026, 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 6.7% inflationary increase is applied to the most recent sale price for 31 NEW TOWN of £302,000 on 10th July 2023. For the value to have increased from £302,000 to £322,105 over the three years and three months to April 2026, the following assumptions must hold true:

• The value of 31 NEW TOWN has moved in line with the HPI for terraced houses in the North Hertfordshire local authority area.
• The July 2023 sale price of £302,000 represented a fair market value for the property.
• The size, condition, and specification of 31 NEW TOWN has not materially changed since July 2023.

How Large is 31 NEW TOWN?

31 NEW TOWN is 52m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of terraced houses houses in Codicote, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Codicote, and where 31 NEW TOWN lies on this distribution: 2% of terraced houses houses are smaller than 31 NEW TOWN, and 98% of houses are larger. Note that EPC data is not available for all properties in Codicote.

31 NEW TOWN: Plot and Title Map

31 NEW TOWN sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 31 NEW TOWN, 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 31 NEW TOWN). 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 31 NEW TOWN?

31 NEW TOWN is located in CODICOTE, in the SG4 postcode district. The below map shows the position of No. 31 on NEW TOWN.