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As updated by The Property Quarter in December 2025, 23, Grays Lane, Hitchin is a mid-century leasehold apartment with 800 ft2 of internal area comprising 2 bedrooms.
The property has 136 years remaining on the lease.
Based on available information, and assuming reasonable condition, the estimated sale value for 23, Grays Lane, Hitchin is £336,879 and the estimated rental value is £1,413 per month.
Grays Lane, Hitchin, SG5 is located in the borough of North Hertfordshire within the SG5 postal district.
23, Grays Lane, Hitchin has been updated by The Property Quarter. This data along with public information allows us to provide estimates for both this and neighbouring properties.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 23, Grays Lane, Hitchin is in very good condition we estimate a sale value of £353,723 and a rental value of £1,484 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £313,298 and a rental value of £1,314 per month.
Over the last 12 months the sale value of 23 Grays Lane Hitchin has decreased by an estimated £2,992 (0.9%) and its rental value has increased by an estimated £35 per month (2.5%), giving an expected gross yield of 5%.
23, Grays Lane, Hitchin has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Dec 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 23, Grays Lane, Hitchin was last sold on 26th March 2021 for £250,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since March 2021, the market for similar properties has dropped 17.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Grays Lane, Hitchin within a radius of 590 metres over the last 2 years.
The most recent example is 28, Tudor Court, Hitchin, SG5 2BE, a leasehold flat which sold for £287,500 on the 5th December 2025.
Read more about house prices in SG5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to 23, Grays Lane, Hitchin within a radius of 590 metres over the last 2 years.
Most recently 79, Coopers Yard, Hitchin, SG5 1AR, a leasehold flat let by The Letting Quarter in May 2025.
•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, 23, Grays Lane, Hitchin is the 69th largest and the 71st most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in SG5.
The closest station to 23, Grays Lane, Hitchin is Hitchin station which is 1.8 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 23, 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 East of England 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 23, 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 East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 23, 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 23, 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 23, 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.
