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Letchworth House Prices Letchworth House Prices

The average house price in Letchworth is £407,981 using HM Land Registry data.

The average property price increased by £98,661 (27.7%) over the last 5 years and increased by £19,718 (4.53%) over the last 12 months.

Over the last year, there were 287 residential property sales – a decrease of 136 transactions (-47.39%) relative to the previous year. The majority of house sales (76) were in the £282,000 - £384,000 range. Then came properties in the £384,000 - £486,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,368 (-1%).

In April 2024, there were 49 new estate agency instructions, 53 agreed home sales and 34 property price reductions.

Neighbouring Areas: Baldock

Postcodes Covered: SG6

5-Year Average Property Prices in Letchworth

27.7%

Property prices in Letchworth increased by 27.7% 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 Letchworth Over the Last Year

4.53%

Property prices in Letchworth increased by 4.53% 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 Letchworth - April 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Letchworth

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 Letchworth

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 Letchworth

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 Letchworth since 1995

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

Recent Property Sales in Letchworth

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
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
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
Flat 9, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire, SG6 3DD£190,000£180,000-£10,00010 Aug 202330 Jan 2024173 Days
9 Rudham Grove, Letchworth Garden City, Hertfordshire, SG6 2BB£190,000£182,000-£8,00023 May 202305 Jan 2024227 Days
2 Ashdown, Letchworth Garden City, Hertfordshire, SG6 4SH£350,000£344,000-£6,00006 Jul 202305 Jan 2024183 Days
224 Kristiansand Way, Letchworth Garden City, Hertfordshire, SG6 1TU£500,000£495,000-£5,00010 Jul 202318 Dec 2023161 Days
63 Gaunts Way, Letchworth Garden City, Hertfordshire, SG6 4PN£350,000£340,000-£10,00008 Jun 202315 Dec 2023190 Days
15 Crossleys, Letchworth Garden City, Hertfordshire, SG6 4PU£350,000£340,000-£10,00031 Aug 202315 Dec 2023106 Days
199 Glebe Road, Letchworth Garden City, Hertfordshire, SG6 1DZ£340,000£335,000-£5,00020 Jun 202308 Dec 2023171 Days
20 Allison, Letchworth Garden City, Hertfordshire, SG6 2JR£350,000£350,000£0015 Aug 202308 Dec 2023115 Days
158 Pixmore Way, Letchworth Garden City, Hertfordshire, SG6 1QS£450,000£440,000-£10,00019 Jun 202305 Dec 2023169 Days
52 Norton Road, Letchworth Garden City, Hertfordshire, SG6 1AE£850,000£840,000-£10,00029 Jun 202305 Dec 2023159 Days
68 Bedford Road, Letchworth Garden City, Hertfordshire, SG6 4DU£570,000£570,000£0013 Sep 202301 Dec 202379 Days
57 Common View, Letchworth Garden City, Hertfordshire, SG6 1BZ£425,000£420,000-£5,00006 Jul 202301 Dec 2023148 Days
39 Creamery Court, Letchworth Garden City, Hertfordshire, SG6 2UA£310,000£305,000-£5,00030 Jun 202301 Dec 2023154 Days
13 Denby, Letchworth Garden City, Hertfordshire, SG6 2LQ£400,000£390,000-£10,00007 Jun 202327 Nov 2023173 Days

Most Expensive Streets in Letchworth

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 1AGNorton RoadLetchworth Garden City£1,164,1664
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 3LEField LaneLetchworth Garden City£853,3333
SG6 4JWWilbury RoadLetchworth Garden City£825,3333

Least Expensive Streets in Letchworth

PostcodeStreetAreaAverageNo. of Sales
SG6 4NSPark View CourtLetchworth Garden City£119,5004
SG6 4LUPelican CourtSouthfields£120,2504
SG6 1GUGeorge CourtAshfield Drive£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£168,01516
SG6 4XRRosemont CloseLetchworth Garden City£168,89016
SG6 4QEMarmet AvenueLetchworth Garden City£170,80713
SG6 3WABennett CourtLetchworth Garden City£171,01729

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