£653,705
This estimated value is based upon the latest sale price for the house of £535,950 on 24 Jan 2020. 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 |
---|---|
£535,950 | 24 Jan 2020 |
Flats/Maisonettes |
Leasehold |
Floor Area: 77 sq meters or 828 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 January 2020 the House Price Index for HERTFORDSHIRE was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £535,950 results in an estimated price of approximately £653,705.
24 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.6 | 21.971 % | £535,950 | £117,755 | £653,705 |
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 | 22.388 % | £119,989 | £655,939 |
3 Month Average | 11.664 % | £62,514 | £598,464 |
6 Month Average | -0.427 % | £-2,289 | £533,660 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Sep 2023 | £263,367 | £260,000 | 28 PARK CLOSE |
25 Aug 2023 | £554,854 | £550,000 | FLAT 5 42 UPPER TILEHOUSE STREET |
3 Aug 2023 | £580,075 | £575,000 | 23 HAWTHORN CLOSE |
29 Jun 2023 | £209,538 | £207,000 | 37 WRATTEN ROAD EAST |
9 Jun 2023 | £161,962 | £160,000 | 4 APPLETREES |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 23 Oct 2019. Using an estimated price of £653,706 means this house is valued at £8,489 per sq meter (£788 per sq foot).
The average size of a house on WRATTEN ROAD WEST is 68 sq meters (740 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Local resolution | On or near Upper Tilehouse Street |
Feb 2024 | Other theft | Under investigation | On or near Meadow Way |
Mar 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
Feb 2024 | Anti-social behaviour | On or near Tilehouse Street | |
Feb 2024 | Anti-social behaviour | On or near Tilehouse Street |