£576,720
This estimated value is based upon the latest sale price for the house of £468,000 on 3 Oct 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 |
|---|---|
| £468,000 | 3 Oct 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 October 2018 the House Price Index for HERTFORDSHIRE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £468,000 results in an estimated price of approximately £576,720.
| 3 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £468,000 | £108,720 | £576,720 |
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 | -2.597 % | £-12,155 | £455,844 |
| 3 Month Average | 32.477 % | £151,991 | £619,991 |
| 6 Month Average | 12.531 % | £58,644 | £526,644 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £496,008 | £490,000 | 18 PASSINGHAM AVENUE |
| 4 Apr 2023 | £591,367 | £585,000 | 53 WILLOUGHBY WAY |
| 21 Nov 2022 | £533,537 | £540,000 | 12 WILLOUGHBY WAY |
| 4 Nov 2022 | £691,622 | £700,000 | 25 THE CHILTERNS |
| 22 Jul 2022 | £1,002,699 | £1,000,000 | 104 WHITEHILL ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 21 Jun 2018. Using an estimated price of £576,721 means this house is valued at £6,553 per sq meter (£608 per sq foot).
The average size of a house on ORLANDO CLOSE is 120 sq meters (1,298 sq feet).
| 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 |
| Mar 2024 | Anti-social behaviour | On or near Wedmore Road | |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wedmore Road |