£439,906
This estimated value is based upon the latest sale price for the house of £375,000 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Alexander House, 40a Wilbury Way, Hitchin, SG4 0AP
Phone: 02081280072
| Price Paid | Date |
|---|---|
| £375,000 | 30 Oct 2020 |
| £156,500 | 26 Mar 2001 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2020 the House Price Index for HERTFORDSHIRE was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £375,000 results in an estimated price of approximately £439,906.
| 30 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £375,000 | £64,906 | £439,906 |
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 | -5.394 % | £-20,229 | £354,770 |
| 3 Month Average | 24.392 % | £91,470 | £466,470 |
| 6 Month Average | 11.157 % | £41,837 | £416,837 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £554,854 | £550,000 | 16 GROVELANDS AVENUE |
| 25 Aug 2023 | £469,104 | £465,000 | 76 HIGHOVER WAY |
| 21 Aug 2023 | £527,616 | £523,000 | 25 ARMOUR RISE |
| 14 Apr 2023 | £353,810 | £350,000 | 38 ARMOUR RISE |
| 29 Jul 2022 | £476,282 | £475,000 | 11 GROVELANDS AVENUE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 11 Jun 2020. Using an estimated price of £439,906 means this house is valued at £5,568 per sq meter (£517 per sq foot).
The average size of a house on ARMOUR RISE is 82 sq meters (883 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Armour Rise |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grovelands Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Highover Way |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orchard Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Franklin Gardens |