5, THE RIDGEWAY, CODICOTE, HITCHIN, SG4 8YP - £244,500

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.

5 THE RIDGEWAY is a very small flat of 32m², built sometime between 1983 and 1990, which could now be worth an estimated £246,867. It was last sold for £244,500 in May 2024, which was around 9% above the average May 2024 flat price in the North Hertfordshire local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was C.

5 THE RIDGEWAY Sold Prices

Land registry data shows four sales for 5 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 5 THE RIDGEWAY 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
2024 24 MAY	£244,500	£224,594	9% above HPI
2016 31 MAR	£260,000	£195,254	33% above HPI
2015 30 JUN	£180,000	£178,549	1% above HPI
1997 25 MAR	£64,500	£45,466	42% above HPI

What might 5 THE RIDGEWAY be worth now?

5 THE RIDGEWAY might now be worth an estimated £246,867.

This is based on house price inflation of 1%, between May 2024 and April 2026, for flats, 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 1% inflationary increase is applied to the most recent sale price for 5 THE RIDGEWAY of £244,500 on 24th May 2024. For the value to have increased from £244,500 to £246,867 over the two years and one month to April 2026, the following assumptions must hold true:

• The value of 5 THE RIDGEWAY has moved in line with the HPI for flats in the North Hertfordshire local authority area.
• The May 2024 sale price of £244,500 represented a fair market value for the property.
• The size, condition, and specification of 5 THE RIDGEWAY has not materially changed since May 2024.

How Large is 5 THE RIDGEWAY?

5 THE RIDGEWAY is 32m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of flats in Codicote, based on EPC data. 5% of flats are smaller than 5 THE RIDGEWAY, and 95% of flats are larger. Note that EPC data is not available for all properties in Codicote.

5 THE RIDGEWAY: Plot

5 THE RIDGEWAY sits on a plot of roughly 0.278 of an acre, or 1,124m².

Where is 5 THE RIDGEWAY?

5 THE RIDGEWAY is located in CODICOTE, in the SG4 postcode district.