£415,077
This estimated value is based upon the latest sale price for the house of £230,000 on 21 Aug 2009. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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41 Hermitage Road, Hitchin, SG5 1BY
Phone: 01462228017
| Price Paid | Date |
|---|---|
| £230,000 | 21 Aug 2009 |
| £75,500 | 21 Dec 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 August 2009 the House Price Index for HERTFORDSHIRE was 82.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 80.468%.Applying this 80.468% change to the original purchase price of £230,000 results in an estimated price of approximately £415,077.
| 21 Aug 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.3 | 148.6 | 80.468 % | £230,000 | £185,077 | £415,077 |
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 | 93.992 % | £216,181 | £446,181 |
| 3 Month Average | 144.204 % | £331,668 | £561,668 |
| 6 Month Average | 114.318 % | £262,930 | £492,930 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £471,988 | £465,000 | 37 MANOR CRESCENT |
| 4 Apr 2023 | £591,367 | £585,000 | 53 WILLOUGHBY WAY |
| 6 May 2022 | £509,602 | £500,000 | 48 WILLOUGHBY WAY |
| 7 Dec 2020 | £655,344 | £571,000 | 38 WILLOUGHBY WAY |
| 6 Nov 2020 | £394,180 | £340,000 | 49 MANOR CRESCENT |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 26 Nov 2014. Using an estimated price of £415,077 means this house is valued at £4,511 per sq meter (£419 per sq foot).
There is one other house on the street which we know the size of, this is 8 KARDWELL CLOSE it is 77.72
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Westwood Avenue |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near The Aspens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Aspens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Whitehills Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Broadmead |