8, PARKFIELDS, WELWYN GARDEN CITY, AL8 6ED - £727,000

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.

8 PARKFIELDS is a large extended semi-detached house of 156m², built sometime between 1950 and 1966, which could now be worth an estimated £834,857. It was last sold for £727,000 in July 2020, which was around 59% above the average July 2020 semi-detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

8 PARKFIELDS Sold Prices

Land registry data shows four sales for 8 PARKFIELDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Welwyn Hatfield local authority area for the corresponding sale date. All of the four 8 PARKFIELDS 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
2020 24 JUL	£727,000	£456,636	59% above HPI
2007 5 JUL	£500,000	£282,141	77% above HPI
2000 15 DEC	£250,000	£156,303	60% above HPI
1996 6 DEC	£116,000	£92,842	25% above HPI

8 PARKFIELDS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The four 8 PARKFIELDS sales between December 1996 and July 2020 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 July 2007 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the July 2020 sale, where it falls to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 8 PARKFIELDS be worth now?

8 PARKFIELDS might now be worth an estimated £834,857.

This is based on house price inflation of 14.8%, between July 2020 and February 2025, for semi-detached 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 14.8% inflationary increase is applied to the most recent sale price for 8 PARKFIELDS of £727,000 on 24th July 2020. For the value to have increased from £727,000 to £834,857 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 8 PARKFIELDS has moved in line with the HPI for semi-detached houses in the Welwyn Hatfield local authority area.
• The July 2020 sale price of £727,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PARKFIELDS has not materially changed since July 2020.

How Large is 8 PARKFIELDS?

8 PARKFIELDS is 156m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 30% of semi-detached houses houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Welwyn Garden City, and where 8 PARKFIELDS lies on this distribution: 75% of semi-detached houses houses are smaller than 8 PARKFIELDS, and 24% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

8 PARKFIELDS: Plot and Title Map

8 PARKFIELDS sits on a plot of roughly 2.4 acres, or 9,766m². The below map shows the location of 8 PARKFIELDS, 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 8 PARKFIELDS). 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 8 PARKFIELDS?

8 PARKFIELDS is located in WELWYN GARDEN CITY, in the AL8 postcode district. The below map shows the position of No. 8 on PARKFIELDS.