£258,118
This estimated value is based upon the latest sale price for the house of £207,500 on 22 Jun 2018. 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 |
|---|---|
| £207,500 | 22 Jun 2018 |
| £135,000 | 16 Jul 2013 |
| £134,500 | 29 May 2007 |
| £117,000 | 27 May 2003 |
| £59,995 | 11 May 2001 |
| £34,950 | 25 Apr 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 38 sq meters or 409 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 June 2018 the House Price Index for HERTFORDSHIRE was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £207,500 results in an estimated price of approximately £258,118.
| 22 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £207,500 | £50,618 | £258,118 |
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 | 29.432 % | £61,070 | £268,570 |
| 3 Month Average | 28.098 % | £58,302 | £265,802 |
| 6 Month Average | 10.022 % | £20,796 | £228,296 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £416,161 | £410,000 | 35 WESTBURY CLOSE |
| 18 Nov 2022 | £780,545 | £790,000 | 75 TALBOT STREET |
| 14 Jun 2022 | £774,318 | £763,375 | 41 TALBOT STREET |
| 14 Jan 2022 | £652,493 | £620,000 | 24 WESTBURY CLOSE |
| 31 Aug 2021 | £204,158 | £183,000 | 24 MAXWELLS PATH |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 30 Oct 2012. Using an estimated price of £258,118 means this house is valued at £6,792 per sq meter (£631 per sq foot).
The average size of a house on MAXWELLS PATH is 82 sq meters (888 sq feet).
This house is the smallest in the street with a floor area of 38 sq meters (409 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Talbot Street |
| Apr 2024 | Anti-social behaviour | On or near Oughton Close | |
| Mar 2024 | Anti-social behaviour | On or near Oughton Close | |
| Mar 2024 | Anti-social behaviour | On or near Oughton Close | |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Victoria Road |