£681,252
This estimated value is based upon the latest sale price for the house of £673,000 on 8 Jun 2023. 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 Newtons Way
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41 Hermitage Road, Hitchin, SG5 1BY
Phone: 01462228017
Price Paid | Date |
---|---|
£673,000 | 8 Jun 2023 |
£311,500 | 3 Jun 2015 |
Detached |
Freehold |
Floor Area: 94 sq meters or 1,011 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 2023 the House Price Index for HERTFORDSHIRE was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £673,000 results in an estimated price of approximately £681,252.
8 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £673,000 | £8,252 | £681,252 |
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 | -23.272 % | £-156,621 | £516,378 |
3 Month Average | 3.784 % | £25,467 | £698,467 |
6 Month Average | 4.571 % | £30,765 | £703,765 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £498,886 | £491,500 | 8 KENDALE ROAD |
1 Sep 2023 | £494,827 | £488,500 | 30 KERSHAWS HILL |
10 Aug 2023 | £998,737 | £990,000 | 42 ST JOHNS ROAD |
8 Jun 2023 | £681,252 | £673,000 | 30 NEWTONS WAY |
11 Aug 2022 | £468,738 | £470,000 | 37 ST JOHNS ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 13 Aug 2015. Using an estimated price of £681,252 means this house is valued at £7,247 per sq meter (£673 per sq foot).
The average size of a house on NEWTONS WAY is 107 sq meters (1,161 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Newtons Way |
Mar 2024 | Public order | Under investigation | On or near Hollow Lane |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hollow Lane |
Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Hollow Lane |