£271,708
This estimated value is based upon the latest sale price for the house of £275,000 on 10 Nov 2022. 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 |
|---|---|
| £275,000 | 10 Nov 2022 |
| Flats/Maisonettes |
| Leasehold |
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 2022 the House Price Index for HERTFORDSHIRE was 150.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.197%.Applying this -1.197% change to the original purchase price of £275,000 results in an estimated price of approximately £271,708.
| 10 Nov 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.6 | -1.197 % | £275,000 | £-3,291 | £271,708 |
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 | -28.939 % | £-79,581 | £195,418 |
| 3 Month Average | -2.168 % | £-5,962 | £269,037 |
| 6 Month Average | 10.863 % | £29,872 | £304,872 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2022 | £271,709 | £275,000 | 116 QUEEN STREET |
| 15 Jul 2022 | £220,594 | £220,000 | 5 WOODCOTE HOUSE QUEEN STREET |
| 31 Mar 2022 | £331,604 | £320,000 | 34 WILLIAM RANSOM WAY |
| 9 Feb 2022 | £576,782 | £550,000 | APARTMENT 10 CHURCH VIEW PORTMILL LANE |
| 14 Jan 2022 | £289,412 | £275,000 | 35 WILLIAM RANSOM WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Jan 2024 | Anti-social behaviour | On or near Parking Area | |
| Jan 2024 | Anti-social behaviour | On or near Parking Area |