£703,639
This estimated value is based upon the latest sale price for the house of £470,000 on 28 Oct 2014. 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 Broadmead
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41 Hermitage Road, Hitchin, SG5 1BY
Phone: 01462228017
| Price Paid | Date |
|---|---|
| £470,000 | 28 Oct 2014 |
| £249,995 | 9 Sep 2003 |
| £145,000 | 21 May 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 145 sq meters or 1,560 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 October 2014 the House Price Index for HERTFORDSHIRE was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £470,000 results in an estimated price of approximately £703,639.
| 28 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £470,000 | £233,639 | £703,639 |
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 | 39.172 % | £184,106 | £654,106 |
| 3 Month Average | 109.914 % | £516,595 | £986,595 |
| 6 Month Average | 68.450 % | £321,716 | £791,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £718,639 | £708,000 | 48 OAKFIELD AVENUE |
| 28 Jul 2023 | £800,940 | £790,160 | 49 LINDSAY AVENUE |
| 20 Jun 2022 | £601,500 | £593,000 | 35 BROADMEAD |
| 12 May 2022 | £662,483 | £650,000 | 11 OAKFIELD AVENUE |
| 25 Nov 2021 | £578,610 | £535,000 | 42 BROADMEAD |
This house has a floor area of 145 sq meters or 1,560 sq feet when measured on 16 Apr 2015. Using an estimated price of £703,640 means this house is valued at £4,852 per sq meter (£450 per sq foot).
The average size of a house on OAKFIELD AVENUE is 99 sq meters (1,073 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Broadmead |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kings Oak |
| 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 |