78, GRESLEY CLOSE, WELWYN GARDEN CITY, AL8 7QB - £182,500

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.

78 GRESLEY CLOSE is a very small terraced house of 45m², built sometime between 1991 and 1995, which could now be worth an estimated £330,710. It was last sold for £182,500 in October 2006, which was around 13% below the average October 2006 terraced price in the Welwyn Hatfield 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.

78 GRESLEY CLOSE Sold Prices

Land registry data shows two sales for 78 GRESLEY 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 Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 78 GRESLEY CLOSE 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
2006 4 OCT	£182,500	£208,861	13% below HPI
2002 29 NOV	£139,950	£159,892	12% below HPI

78 GRESLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The two 78 GRESLEY CLOSE sales from November 2002 and October 2006 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 2002 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2006 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 78 GRESLEY CLOSE be worth now?

78 GRESLEY CLOSE might now be worth an estimated £330,710.

This is based on house price inflation of 81.2%, between October 2006 and June 2025, for terraced houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 81.2% inflationary increase is applied to the most recent sale price for 78 GRESLEY CLOSE of £182,500 on 4th October 2006. For the value to have increased from £182,500 to £330,710 over the nineteen years and four months to June 2025, the following assumptions must hold true:

• The value of 78 GRESLEY CLOSE has moved in line with the HPI for terraced houses in the Welwyn Hatfield local authority area.
• The October 2006 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 78 GRESLEY CLOSE has not materially changed since October 2006.

How Large is 78 GRESLEY CLOSE?

78 GRESLEY CLOSE is 45m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of terraced houses houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Welwyn Garden City, and where 78 GRESLEY CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 78 GRESLEY CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

78 GRESLEY CLOSE: Plot and Title Map

78 GRESLEY CLOSE sits on a plot of roughly 0.007 of an acre, or 27m². The below map shows the location of 78 GRESLEY 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 78 GRESLEY 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 78 GRESLEY CLOSE?

78 GRESLEY CLOSE is located in WELWYN GARDEN CITY, in the AL8 postcode district. The below map shows the position of No. 78 on GRESLEY CLOSE.