£633,526
This estimated value is based upon the latest sale price for the house of £625,000 on 5 Jul 2023. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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41 Hermitage Road, Hitchin, SG5 1BY
Phone: 01462228017
| Price Paid | Date |
|---|---|
| £625,000 | 5 Jul 2023 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for HERTFORDSHIRE to estimate the market value.
When this house was purchased in July 2023 the House Price Index for HERTFORDSHIRE was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £625,000 results in an estimated price of approximately £633,526.
| 5 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £625,000 | £8,526 | £633,526 |
The Postcode Pricing Model uses changes in average sales price within the SG4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 61.783 % | £386,146 | £1,011,146 |
| 3 Month Average | 22.071 % | £137,945 | £762,945 |
| 6 Month Average | 3.286 % | £20,535 | £645,535 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2023 | £633,527 | £625,000 | 1 PASSINGHAM AVENUE |
| 9 Jun 2023 | £496,008 | £490,000 | 18 PASSINGHAM AVENUE |
| 24 Jun 2022 | £481,809 | £475,000 | 26 WHITEHILL ROAD |
| 20 May 2022 | £224,225 | £220,000 | FLAT 6 ELGIN HOUSE HIGHBURY ROAD |
| 1 Mar 2022 | £259,066 | £250,000 | 29 HIGHBURY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pulter'S Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Newtons Way |
| Mar 2024 | Anti-social behaviour | On or near Wedmore Road | |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wedmore Road |
| Mar 2024 | Anti-social behaviour | On or near Kingfisher Court |