House Prices in SG5 House Prices in SG5 (Hitchin)

The average house price in SG5 (Hitchin) is £507,140 using HM Land Registry data.

The average property price increased by £46,121 (16.31%) over the last 5 years and increased by £9,220 (2.63%) over the last 12 months.

Over the last year, there were 357 residential property sales – a decrease of 228 transactions (-63.87%) relative to the previous year. The majority of house sales (80) were in the £326,000 - £432,000 range. Then came properties in the £220,000 - £326,000 range, where 78 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,810 (-2%).

In June 2024, there were 69 new estate agency instructions, 78 agreed home sales and 26 property price reductions.

5-Year Average Property Prices in SG5 (Hitchin)

16.31%

Property prices in Hitchin increased by 16.31% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SG5 (Hitchin) Over the Last Year

2.63%

Property prices in Hitchin increased by 2.63% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SG5 (Hitchin) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SG5 (Hitchin)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SG5 (Hitchin)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SG5 (Hitchin)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SG5 (Hitchin) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SG5 postcode area since 1995.

Recent Sales in SG5 (Hitchin)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 Florence Street, Hitchin, Hertfordshire, SG5 1QZ£450,000£450,000£0010 Jan 202417 May 2024128 Days
Flat 27, Maples Court, Bedford Road, Hitchin, Hertfordshire, SG5 1HF£129,950£127,950-£2,00014 Mar 202416 May 202463 Days
4 Chequers Close, Stotfold, Hitchin, Central Bedfordshire, SG5 4NT£550,000£520,000-£30,00017 Aug 202309 May 2024266 Days
32 Nickleby Way, Fairfield, Hitchin, Central Bedfordshire, SG5 4FJ£440,000£435,000-£5,00026 Jun 202325 Apr 2024304 Days
40 Balmoral Road, Hitchin, Hertfordshire, SG5 1XG£475,000£472,948-£2,05207 Nov 202312 Apr 2024157 Days
2 Nightingale Road, Hitchin, Hertfordshire, SG5 1QS£485,000£410,000-£75,00022 Jul 202111 Apr 2024994 Days
Flat 58, Maples Court, Bedford Road, Hitchin, Hertfordshire, SG5 1HF£140,000£135,000-£5,00005 Oct 202310 Apr 2024188 Days
8 Bury End, Pirton, Hitchin, Hertfordshire, SG5 3QB£900,000£900,000£0014 Feb 202405 Apr 202451 Days
48 Silver Birch Avenue, Stotfold, Hitchin, Central Bedfordshire, SG5 4BB£350,000£350,000£0025 Jan 202404 Apr 202470 Days
27 Bessemer Close, Hitchin, Hertfordshire, SG5 1AG£750,000£750,000£0011 Sep 202322 Mar 2024193 Days
27 Balmoral Road, Hitchin, Hertfordshire, SG5 1XG£600,000£595,000-£5,00014 Sep 202318 Mar 2024186 Days
14 Brampton Park Road, Hitchin, Hertfordshire, SG5 1XE£480,000£475,000-£5,00027 Aug 202314 Mar 2024200 Days
4a, Royal Oak Lane, Pirton, Hitchin, Hertfordshire, SG5 3QT£735,000£730,000-£5,00006 Oct 202312 Mar 2024158 Days
8 Tudor Court, Hitchin, Hertfordshire, SG5 2BE£550,000£500,000-£50,00031 Aug 202311 Mar 2024193 Days
Apartment 9, Park House, Old Park Road, Hitchin, Hertfordshire, SG5 2JR£320,000£320,000£0010 Oct 201701 Mar 20242334 Days
144 Bearton Road, Hitchin, Hertfordshire, SG5 1UB£650,000£600,000-£50,00004 Oct 202301 Mar 2024149 Days
141 Bronte Avenue, Fairfield, Hitchin, Central Bedfordshire, SG5 4FT£675,000£665,000-£10,00013 Jul 202326 Feb 2024228 Days
245 Bedford Road, Hitchin, Hertfordshire, SG5 2UQ£295,000£285,000-£10,00018 Aug 202323 Feb 2024189 Days
Flat 36, Maples Court, Bedford Road, Hitchin, Hertfordshire, SG5 1HF£159,000£141,000-£18,00020 Jun 202308 Feb 2024233 Days
113 Church Road, Stotfold, Hitchin, Central Bedfordshire, SG5 4NE£450,000£435,000-£15,00018 Sep 202302 Feb 2024137 Days

Most Expensive Streets in SG5 (Hitchin)

PostcodeStreetAreaAverageNo. of Sales
SG5 4FSShaftesbury Drive, StotfoldHitchin£1,097,5004
SG5 2BDPirton RoadHitchin£1,068,9287
SG5 2AECharlton Road, CharltonHitchin£1,045,0003
SG5 2XLHalf AcreHitchin£1,021,5416
SG5 1PBLancaster AvenueHitchin£983,4374
SG5 2BGMount PleasantHitchin£941,6663
SG5 3EXApostles Close, PirtonHitchin£912,9805
SG5 1JWBancroftHitchin£867,7147
SG5 2EABowlers EndHitchin£864,67724
SG5 3FSCotman End, PirtonHitchin£857,99910

Least Expensive Streets in SG5 (Hitchin)

PostcodeStreetAreaAverageNo. of Sales
SG5 4GWBeeton Court, Dickens BoulevardHitchin£78,7505
SG5 1TWSeymour CourtHitchin£107,36311
SG5 1PGFrench Lodge, Whinbush RoadHitchin£141,6663
SG5 1LJRegal CourtHitchin£145,3889
SG5 4HLSt Olives, StotfoldHitchin£178,4534
SG5 1HFMaples Court, Bedford RoadHitchin£190,37917
SG5 2QRDugdale CourtHitchin£201,5004
SG5 1YBShepherds MeadHitchin£206,0005
SG5 3TDIcknield Close, IcklefordHitchin£207,5938
SG5 1EJWhitings Court, Paynes ParkHitchin£211,28521

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