7, GAGE CLOSE, ROYSTON, SG8 7BE - £447,500

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.

7 GAGE CLOSE is a midsized extended terraced house of 125m², built sometime between 1967 and 1975, which could now be worth an estimated £537,629. It was last sold for £447,500 in February 2018, which was around 44% above the average February 2018 terraced price in the North Hertfordshire local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

7 GAGE CLOSE Sold Prices

Land registry data shows two sales for 7 GAGE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 7 GAGE CLOSE 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
2018 12 FEB	£447,500	£311,441	44% above HPI
2008 3 OCT	£235,000	£187,206	26% above HPI

7 GAGE CLOSE 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 two 7 GAGE CLOSE sales from October 2008 and February 2018 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 October 2008 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the February 2018 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 7 GAGE CLOSE be worth now?

7 GAGE CLOSE might now be worth an estimated £537,629.

This is based on house price inflation of 20.1%, between February 2018 and May 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 20.1% inflationary increase is applied to the most recent sale price for 7 GAGE CLOSE of £447,500 on 12th February 2018. For the value to have increased from £447,500 to £537,629 over the seven years and nine months to May 2026, the following assumptions must hold true:

• The value of 7 GAGE CLOSE has moved in line with the HPI for terraced houses in the North Hertfordshire local authority area.
• The February 2018 sale price of £447,500 represented a fair market value for the property.
• The size, condition, and specification of 7 GAGE CLOSE has not materially changed since February 2018.

How Large is 7 GAGE CLOSE?

7 GAGE CLOSE is 125m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 50% of terraced houses houses in Royston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Royston, and where 7 GAGE CLOSE lies on this distribution: 56% of terraced houses houses are smaller than 7 GAGE CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Royston.

7 GAGE CLOSE: Plot and Title Map

7 GAGE CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 7 GAGE CLOSE, 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 7 GAGE CLOSE). 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 7 GAGE CLOSE?

7 GAGE CLOSE is located in ROYSTON, in the SG8 postcode district. The below map shows the position of No. 7 on GAGE CLOSE.