£519,879
This estimated value is based upon the latest sale price for the house of £205,000 on 6 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 |
|---|---|
| £205,000 | 6 Dec 2002 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 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 £205,000 results in an estimated price of approximately £519,879.
| 6 Dec 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 148.6 | 153.600 % | £205,000 | £314,879 | £519,879 |
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 % | £322,527 | £527,527 |
| 3 Month Average | 236.441 % | £484,703 | £689,703 |
| 6 Month Average | 183.549 % | £376,276 | £581,276 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £418,064 | £413,000 | 37 NINESPRINGS WAY |
| 17 Mar 2023 | £509,803 | £505,000 | 33 NINESPRINGS WAY |
| 13 Feb 2023 | £449,697 | £450,000 | 27 MANTON ROAD |
| 23 Jan 2023 | £462,820 | £465,000 | 4 ASTON RISE |
| 10 Oct 2022 | £148,402 | £150,000 | 43A NINESPRINGS WAY |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 4 Sep 2019. Using an estimated price of £519,880 means this house is valued at £4,813 per sq meter (£447 per sq foot).
The average size of a house on NINESPRINGS WAY is 85 sq meters (918 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Manton Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ninesprings Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ninesprings Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ninesprings Way |
| Mar 2024 | Public order | Under investigation | On or near Ninesprings Way |