£554,519
This estimated value is based upon the latest sale price for the house of £450,000 on 29 Nov 2018. 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 |
|---|---|
| £450,000 | 29 Nov 2018 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 sq feet |
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 November 2018 the House Price Index for HERTFORDSHIRE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £450,000 results in an estimated price of approximately £554,519.
| 29 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £450,000 | £104,519 | £554,519 |
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 | 19.963 % | £89,835 | £539,835 |
| 3 Month Average | 44.048 % | £198,214 | £648,214 |
| 6 Month Average | 15.187 % | £68,340 | £518,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £609,016 | £600,000 | 12 MAYTREES |
| 5 Jul 2023 | £633,527 | £625,000 | 1 PASSINGHAM AVENUE |
| 9 Jun 2023 | £496,008 | £490,000 | 18 PASSINGHAM AVENUE |
| 22 Jul 2022 | £1,002,699 | £1,000,000 | 104 WHITEHILL ROAD |
| 24 Jun 2022 | £481,809 | £475,000 | 26 WHITEHILL ROAD |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 20 Oct 2017. Using an estimated price of £554,520 means this house is valued at £5,436 per sq meter (£505 per sq foot).
The average size of a house on SOUTH HILL CLOSE is 138 sq meters (1,496 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pulter'S 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 | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Kingfisher Court |