According to the public record, 54, Grays Lane, Hitchin is a mid-century freehold house with 1,001 ft2 of internal area and sits on a 580 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Grays Lane, Hitchin, SG5 is located in the borough of North Hertfordshire within the SG5 postal district.
54, Grays Lane, Hitchin has 21 entries in the Land Registry database, most recently in October 2020 and a single entry in the EPC database dated June 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 54 Grays Lane Hitchin as £636,712 and the rental value as £1,949 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 54 Grays Lane Hitchin has decreased by £5,262 (0.8%) and its rental value has increased by £86 per month (4.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 54, Grays Lane, Hitchin is in very good condition we estimate a sale value of £668,547 and rental value of £2,046 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £592,142 and a rental value of £1,812 per month.
If you were able to purchase this property for the estimated value of £636,712, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,129 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 54, Grays Lane, Hitchin sits on a plot of 580m2.
We have plot size data on 6 out of 14 other houses in the postcode and 54, Grays Lane, Hitchin sits on the 4th largest plot.
According to HM Land Registry, 54, Grays Lane, Hitchin was last sold on 13 Oct 2020 for £495,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2020, the market for similar properties has risen 6.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Grays Lane, Hitchin within a radius of 680 metres over the last 2 years.
The most recent example is 3, Hawthorn Close, Hitchin, SG5 2BW, a Freehold house which sold for £552,500 in Apr 2024.
Read more about house prices in SG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grays Lane, Hitchin, SG5 has a total of 73 addresses. According to our analysis of all the public data, 54, Grays Lane, Hitchin is the 61st largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £209k more expensive than the average property in SG5.
54, Grays Lane, Hitchin has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Jun 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 54, Grays Lane, Hitchin is Hitchin station which is 1.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 54, Grays Lane, Hitchin, 59.0% of property is privately owned outright and 30.6% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 54, Grays Lane, Hitchin, 17.6% of residents are recorded as possessing school level qualifications and 46.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 54, Grays Lane, Hitchin, the average age was 42.8 and the most common age was 47.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 54, Grays Lane, Hitchin, 0.5% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 54, Grays Lane, Hitchin, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.