£1,628,356
This estimated value is based upon the latest sale price for the house of £1,605,345 on 22 Jun 2022. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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32 Bridge Street, Hitchin, SG5 2DF
Phone: 01462659293
| Price Paid | Date |
|---|---|
| £1,605,345 | 22 Jun 2022 |
| £170,000 | 21 Dec 1995 |
| Detached |
| Freehold |
| Floor Area: 264 sq meters or 2,841 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 June 2022 the House Price Index for HERTFORDSHIRE was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £1,605,345 results in an estimated price of approximately £1,628,356.
| 22 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.6 | 1.433 % | £1,605,345 | £23,011 | £1,628,356 |
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 | 18.059 % | £289,909 | £1,895,254 |
| 3 Month Average | 21.130 % | £339,205 | £1,944,550 |
| 6 Month Average | 1.171 % | £18,805 | £1,624,150 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £1,017,808 | £1,000,000 | 7A RANSOM CLOSE |
| 22 Jun 2022 | £1,628,357 | £1,605,345 | GREENTREES NEWLANDS LANE |
| 28 Feb 2022 | £1,258,433 | £1,200,000 | 24A LONDON ROAD |
| 26 Jan 2022 | £878,761 | £835,000 | 23 DALE CLOSE |
| 18 Oct 2021 | £1,272,450 | £1,150,000 | OAKDALE NEWLANDS CLOSE WEST |
This house has a floor area of 264 sq meters or 2,841 sq feet when measured on 3 Sep 2020. Using an estimated price of £1,628,357 means this house is valued at £6,168 per sq meter (£573 per sq foot).
The average size of a house on NEWLANDS LANE is 261 sq meters (2,811 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Newlands Close East |
| Dec 2023 | Drugs | Local resolution | On or near Bramshott Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Walk |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hitchin Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hitchin Road |