£612,267
This estimated value is based upon the latest sale price for the house of £495,000 on 16 Aug 2018. 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 |
|---|---|
| £495,000 | 16 Aug 2018 |
| £395,000 | 28 Nov 2014 |
| £237,500 | 19 Jun 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,030 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 2018 the House Price Index for HERTFORDSHIRE was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £495,000 results in an estimated price of approximately £612,267.
| 16 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £495,000 | £117,267 | £612,267 |
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 | -6.650 % | £-32,917 | £462,082 |
| 3 Month Average | 26.335 % | £130,358 | £625,358 |
| 6 Month Average | 16.957 % | £83,938 | £578,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £820,175 | £813,000 | 32 WYMONDLEY ROAD |
| 4 Apr 2023 | £591,367 | £585,000 | 53 WILLOUGHBY WAY |
| 4 Nov 2022 | £691,622 | £700,000 | 25 THE CHILTERNS |
| 6 May 2022 | £509,602 | £500,000 | 48 WILLOUGHBY WAY |
| 7 Dec 2020 | £655,344 | £571,000 | 38 WILLOUGHBY WAY |
This house has a floor area of 95 sq meters or 1,030 sq feet when measured on 19 Mar 2009. Using an estimated price of £612,268 means this house is valued at £6,392 per sq meter (£593 per sq foot).
The average size of a house on WILLOUGHBY WAY is 108 sq meters (1,172 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| 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 |
| Mar 2024 | Vehicle crime | Under investigation | On or near Westwood Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Whitehills Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wymondley Road |