£139,047
This estimated value is based upon the latest sale price for the house of £114,000 on 28 Jan 2020. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £114,000 | 28 Jan 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 507 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 January 2020 the House Price Index for HERTFORDSHIRE was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £114,000 results in an estimated price of approximately £139,047.
| 28 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £114,000 | £25,047 | £139,047 |
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 | 42.642 % | £48,611 | £162,611 |
| 3 Month Average | 6.465 % | £7,370 | £121,370 |
| 6 Month Average | 7.546 % | £8,603 | £122,603 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £350,184 | £345,000 | 132 HINE WAY |
| 31 Aug 2023 | £489,280 | £485,000 | 18A SWINBURNE AVENUE |
| 28 Apr 2023 | £374,027 | £370,000 | 23 HINE WAY |
| 31 Mar 2023 | £328,091 | £325,000 | 121 WESTMILL ROAD |
| 21 Jul 2022 | £386,039 | £385,000 | 120 BURFORD WAY |
This house has a floor area of 47 sq meters or 507 sq feet when measured on 8 Nov 2011. Using an estimated price of £139,047 means this house is valued at £2,951 per sq meter (£274 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Seebohm Close |
| Mar 2024 | Other theft | Under investigation | On or near Seebohm Close |
| Mar 2024 | Drugs | Under investigation | On or near Seebohm Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Seebohm Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Seebohm Close |