£2,390,978
This estimated value is based upon the latest sale price for the house of £398,150 on 1 Nov 2023. 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 |
|---|---|
| £398,150 | 1 Nov 2023 |
| £295,000 | 15 Oct 2018 |
| £97,000 | 28 Mar 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 November 2023 the House Price Index for HERTFORDSHIRE was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £398,150 results in an estimated price of approximately £2,390,978.
| 1 Nov 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £398,150 | £1,992,828 | £2,390,978 |
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 | 17.353 % | £69,091 | £467,241 |
| 3 Month Average | 3.631 % | £14,458 | £412,608 |
| 6 Month Average | 6.133 % | £24,417 | £422,567 |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 18 Jun 2018.
The average size of a house on BURFORD WAY is 84 sq meters (912 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Truemans Road | |
| Feb 2024 | Anti-social behaviour | On or near Truemans Road | |
| Dec 2023 | Anti-social behaviour | On or near Truemans Road | |
| Dec 2023 | Anti-social behaviour | On or near Truemans Road | |
| Dec 2023 | Anti-social behaviour | On or near Truemans Road |