5, GRAYS LANE, HITCHIN, SG5 2HD - £775,000

5 GRAYS LANE is a midsized extended detached house of 127m², built sometime between 1950 and 1966. It was last sold for £775,000 in October 2023, which was around 7% above the average October 2023 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

5 GRAYS LANE Sold Prices

Land registry data shows two sales for 5 GRAYS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. One of the two 5 GRAYS LANE sales was for above the average price, whilst the other was 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
2023 23 OCT	£775,000	£722,395	7% above HPI
1996 15 NOV	£85,000	£122,743	31% below HPI

5 GRAYS LANE 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 two 5 GRAYS LANE sales from November 1996 and October 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 November 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2023 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 5 GRAYS LANE?

5 GRAYS LANE is 127m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 50% of detached houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses by size in Hitchin, and where 5 GRAYS LANE lies on this distribution: 53% of detached houses are smaller than 5 GRAYS LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

5 GRAYS LANE: Plot and Title Map

5 GRAYS LANE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 5 GRAYS 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 5 GRAYS 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 5 GRAYS LANE?

5 GRAYS LANE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 5 on GRAYS LANE.