£684,719
This estimated value is based upon the latest sale price for the house of £270,000 on 13 Dec 2002. 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 |
|---|---|
| £270,000 | 13 Dec 2002 |
| £120,000 | 5 Mar 1998 |
| 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 December 2002 the House Price Index for HERTFORDSHIRE was 58.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 153.600%.Applying this 153.600% change to the original purchase price of £270,000 results in an estimated price of approximately £684,719.
| 13 Dec 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 148.6 | 153.600 % | £270,000 | £414,719 | £684,719 |
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 | 157.331 % | £424,792 | £694,792 |
| 3 Month Average | 236.441 % | £638,389 | £908,389 |
| 6 Month Average | 183.549 % | £495,583 | £765,583 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £430,372 | £424,000 | 14 GIRONS CLOSE |
| 20 Sep 2023 | £962,304 | £950,000 | 98 WYMONDLEY ROAD |
| 11 Aug 2023 | £635,560 | £630,000 | 9 BOWMANS AVENUE |
| 28 Jul 2023 | £410,525 | £405,000 | 13 HENSLEY CLOSE |
| 11 Jan 2023 | £378,218 | £380,000 | 48 GIRONS CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Spurrs Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Girons Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wymondley Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wymondley Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stuart Drive |