3, Parachute Grove
3, Parachute Grove
Description & Estimates
3, Parachute Grove, Henlow is recorded publicly as a modern leasehold apartment across 742 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 3, Parachute Grove, Henlow is £116,352 and its rental estimate is £612 per month, given the available information and assuming reasonable condition.
Parachute Grove, Henlow, SG16 falls within the SG16 postal district.
Our Data Sources
3, Parachute Grove, Henlow has a single entry in the Land Registry from November 2020 and a single entry in the EPC database dated February 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, Parachute Grove, Henlow, we estimate a market value of £122,169 and a rental value of £643 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £108,207 and £570 per month respectively.
Recent Market Change
Over the last year, 3, Parachute Grove, Henlow has seen its estimated sale value fall by £2,165 (1.9%) and its estimated rental value move up by £14 per month (2.4%). This results in an estimated gross rental yield of 6.3%.
Energy Efficiency
3, Parachute Grove, Henlow has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Feb 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Parachute Grove, Henlow completed on 12th November 2020 at £127,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 13.9% over the period since November 2020.
- Sold Nov 2020£127,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Parachute Grove, Henlow have sold within a radius of 1.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st July 2024, was 1, Parachute Grove, Henlow, SG16 6GT, a leasehold flat which sold for £114,000.
Read more about house prices in SG16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 11 addresses on Parachute Grove, Henlow, SG16, 3, Parachute Grove, Henlow comes out as the 7th largest and the 7th most expensive in our analysis of the public data.
It is also £255k less expensive than the average property across the SG16 district.
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Schools Nearby
- 200mRaynsford Church of England Academy
- 1.2kmClifton All Saints Academy
- 2.3kmDerwent Primary School
- 400mHenlow Church of England Academy
- 2.3kmSamuel Whitbread Academy
- 6.6kmFearnhill School
More reading links
Public Transport Nearby
From 3, Parachute Grove, Henlow, the nearest station is Arlesey, 1.5 kilometres away.
- 1.5kmArlesey
- 6.2kmBiggleswade
- 6.9kmLetchworth Garden City
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
