£353,718
This estimated value is based upon the latest sale price for the house of £196,000 on 18 Aug 2009. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £196,000 | 18 Aug 2009 |
| 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 August 2009 the House Price Index for HERTFORDSHIRE was 82.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 80.468%.Applying this 80.468% change to the original purchase price of £196,000 results in an estimated price of approximately £353,718.
| 18 Aug 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.3 | 148.6 | 80.468 % | £196,000 | £157,718 | £353,718 |
The Postcode Pricing Model uses changes in average sales price within the SG5 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 | 124.045 % | £243,128 | £439,128 |
| 3 Month Average | 93.805 % | £183,858 | £379,858 |
| 6 Month Average | 93.847 % | £183,940 | £379,940 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £226,500 | £226,500 | 23 LATCHMORE COURT BRAND STREET |
| 8 Nov 2023 | £314,658 | £310,000 | FLAT 4 HICCE HOUSE BRAND STREET |
| 8 Sep 2023 | £324,145 | £320,000 | 24 ARCHERS COURT ELMSIDE WALK |
| 9 Jun 2023 | £268,249 | £265,000 | 2 ARCHERS COURT ELMSIDE WALK |
| 13 Jan 2023 | £26,057 | £26,180 | LEGION HOUSE PAYNES PARK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Parking Area |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Grammar School Walk |
| Mar 2024 | Drugs | Local resolution | On or near Brand Street |
| Mar 2024 | Drugs | Local resolution | On or near Brand Street |