£154,016
This estimated value is based upon the latest sale price for the house of £107,000 on 30 Jul 2015. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
Get our free house price tracker.
7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £107,000 | 30 Jul 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 July 2015 the House Price Index for HERTFORDSHIRE was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £107,000 results in an estimated price of approximately £154,016.
| 30 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £107,000 | £47,016 | £154,016 |
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 | 49.074 % | £52,508 | £159,508 |
| 3 Month Average | 42.047 % | £44,989 | £151,989 |
| 6 Month Average | 42.753 % | £45,745 | £152,745 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £460,579 | £455,000 | 72 WESTMILL ROAD |
| 31 Mar 2023 | £328,091 | £325,000 | 121 WESTMILL ROAD |
| 30 Nov 2022 | £390,273 | £395,000 | 37 WESTMILL ROAD |
| 21 Jul 2022 | £190,513 | £190,000 | 68A WESTMILL ROAD |
| 19 May 2022 | £142,689 | £140,000 | 114 JOHN BARKER PLACE |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 23 Jul 2021. Using an estimated price of £154,016 means this house is valued at £3,850 per sq meter (£357 per sq foot).
The average size of a house on WESTMILL ROAD is 80 sq meters (862 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near John Barker Place |
| Mar 2024 | Other theft | Under investigation | On or near John Barker Place |
| Feb 2024 | Anti-social behaviour | On or near John Barker Place | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near John Barker Place |
| Feb 2024 | Anti-social behaviour | On or near John Barker Place |