£993,609
This estimated value is based upon the latest sale price for the house of £681,000 on 4 Feb 2015. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
There has been one burglary within the last year on or near Gray'S Lane
More crime details
Get our free house price tracker.
7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £681,000 | 4 Feb 2015 |
| Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 February 2015 the House Price Index for HERTFORDSHIRE was 100.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 45.904%.Applying this 45.904% change to the original purchase price of £681,000 results in an estimated price of approximately £993,609.
| 4 Feb 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 146.7 | 45.904 % | £681,000 | £312,609 | £993,609 |
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 | 72.417 % | £493,159 | £1,174,159 |
| 3 Month Average | 62.167 % | £423,354 | £1,104,354 |
| 6 Month Average | 54.467 % | £370,922 | £1,051,922 |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 9 Oct 2014.
The average size of a house on GRAYS LANE is 137 sq meters (1,479 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Gray'S Lane |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Gray'S Lane |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near West Hill |
| Mar 2024 | Anti-social behaviour | On or near Winston Close | |
| Mar 2024 | Anti-social behaviour | On or near Winston Close |