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House Prices in SG6 House Prices in SG6 (Letchworth Garden City)

The average house price in SG6 (Letchworth Garden City) is £404,687 using HM Land Registry data.

The average property price increased by £99,422 (3.23%) over the last 5 years and increased by £19,876 (0.58%) over the last 12 months.

Over the last year, there were 286 residential property sales – a decrease of 114 transactions (-39.86%) relative to the previous year. The majority of house sales (85) were in the £282,000 - £384,000 range. Then came properties in the £384,000 - £486,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,368 (-1%).

In June 2024, there were 49 new estate agency instructions, 53 agreed home sales and 29 property price reductions.

Nearby Postcodes: AL4, AL5, AL6, LU2, MK45, SG1, SG15, SG16, SG17, SG18, SG19, SG2, SG3, SG4, SG5, SG7, SG8, SG9

5-Year Average Property Prices in SG6 (Letchworth Garden City)

3.23%

Property prices in Letchworth Garden City increased by 3.23% 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 SG6 (Letchworth Garden City) Over the Last Year

0.58%

Property prices in Letchworth Garden City increased by 0.58% 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 SG6 (Letchworth Garden City) - 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 SG6 (Letchworth Garden City)

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 SG6 (Letchworth Garden City)

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 SG6 (Letchworth Garden City)

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 SG6 (Letchworth Garden City) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SG6 postcode area since 1995.

Recent Sales in SG6 (Letchworth Garden City)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
188 Pixmore Way, Letchworth Garden City, Hertfordshire, SG6 1QT£450,000£435,000-£15,00008 Mar 202414 May 202467 Days
20 Firecrest, Letchworth Garden City, Hertfordshire, SG6 4YF£375,000£368,000-£7,00023 Nov 202307 May 2024166 Days
14 North Avenue, Letchworth Garden City, Hertfordshire, SG6 1DJ£280,000£280,000£0020 Nov 202312 Apr 2024144 Days
39 Rundells, Letchworth Garden City, Hertfordshire, SG6 2SQ£300,000£300,000£0010 Oct 202312 Apr 2024185 Days
72 Sanderling Close, Letchworth Garden City, Hertfordshire, SG6 4HZ£300,000£300,000£0008 Sep 202305 Apr 2024210 Days
170 Wilbury Road, Letchworth Garden City, Hertfordshire, SG6 4JA£625,000£595,000-£30,00001 Nov 202328 Mar 2024148 Days
120 West View, Letchworth Garden City, Hertfordshire, SG6 3QJ£875,000£842,500-£32,50021 Jul 202325 Mar 2024248 Days
159 Mullway, Letchworth Garden City, Hertfordshire, SG6 4BG£330,000£330,000£0010 Jul 202312 Mar 2024246 Days
Flat 2, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire, SG6 1FE£225,000£210,500-£14,50018 Jul 202308 Mar 2024234 Days
35 Common View, Letchworth Garden City, Hertfordshire, SG6 1BZ£550,000£540,000-£10,00030 Aug 202307 Mar 2024190 Days
17 Lindencroft, Letchworth Garden City, Hertfordshire, SG6 4NL£325,000£325,000£0026 Dec 202307 Mar 202472 Days
42 Parkfield, Letchworth Garden City, Hertfordshire, SG6 2QQ£300,000£300,000£0012 Oct 202304 Mar 2024144 Days
43 Ridge Road, Letchworth Garden City, Hertfordshire, SG6 1PS£425,000£415,000-£10,00010 Jul 202309 Feb 2024214 Days
122 Mullway, Letchworth Garden City, Hertfordshire, SG6 4BE£400,000£395,000-£5,00020 Jul 202309 Feb 2024204 Days
43 Parker Close, Letchworth Garden City, Hertfordshire, SG6 3RT£650,000£640,000-£10,00006 Sep 202308 Feb 2024155 Days
7 Ennismore Close, Letchworth Garden City, Hertfordshire, SG6 2SU£650,000£630,000-£20,00009 May 202308 Feb 2024275 Days
25 Midhurst, Letchworth Garden City, Hertfordshire, SG6 4SF£340,000£340,000£0030 Oct 202301 Feb 202494 Days
120 Howard Drive, Letchworth Garden City, Hertfordshire, SG6 2DE£309,950£295,000-£14,95014 Sep 202331 Jan 2024139 Days
Flat 9, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire, SG6 3DD£190,000£180,000-£10,00010 Aug 202330 Jan 2024173 Days
52 Hillbrow, Letchworth Garden City, Hertfordshire, SG6 3RE£295,000£295,000£0019 Sep 202326 Jan 2024129 Days

Most Expensive Streets in SG6 (Letchworth Garden City)

PostcodeStreetAreaAverageNo. of Sales
SG6 3PTBroadwayLetchworth Garden City£1,643,7504
SG6 3LPPasture RoadLetchworth Garden City£1,360,0003
SG6 3LTHitchin RoadLetchworth Garden City£1,350,0003
SG6 2HQWillian WayLetchworth Garden City£1,075,0003
SG6 1AGNorton RoadLetchworth Garden City£1,030,5553
SG6 2HJWillian WayLetchworth Garden City£921,0005
SG6 3PUSollershott WestLetchworth Garden City£917,6663
SG6 1AENorton RoadLetchworth Garden City£908,7504
SG6 3LBBaldock RoadLetchworth Garden City£855,0004
SG6 4JWWilbury RoadLetchworth Garden City£825,3333

Least Expensive Streets in SG6 (Letchworth Garden City)

PostcodeStreetAreaAverageNo. of Sales
SG6 4NSPark View CourtLetchworth Garden City£119,5004
SG6 4LUPelican Court, SouthfieldsLetchworth Garden City£120,2504
SG6 1GUGeorge Court, Ashfield DriveLetchworth Garden City£131,3438
SG6 4TLBittern WayLetchworth Garden City£135,1874
SG6 2RGOakhillLetchworth Garden City£155,3333
SG6 1DTCromwell RoadLetchworth Garden City£155,7504
SG6 1FAHartington PlaceLetchworth Garden City£160,18315
SG6 3WABennett CourtLetchworth Garden City£168,26630
SG6 4XRRosemont CloseLetchworth Garden City£168,89016
SG6 4XSSummers Lodge, Horace Gay GardensLetchworth Garden City£172,6005

Explore SG6 (Letchworth Garden City) using map

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