£25,741
This estimated value is based upon the latest sale price for the house of £26,180 on 13 Jan 2023. 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 |
|---|---|
| £26,180 | 13 Jan 2023 |
| £750,000 | 24 Oct 2016 |
| Freehold |
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 2023 the House Price Index for HERTFORDSHIRE was 149.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.676%.Applying this -1.676% change to the original purchase price of £26,180 results in an estimated price of approximately £25,741.
| 13 Jan 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.2 | 146.7 | -1.676 % | £26,180 | £-438 | £25,741 |
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 | -23.287 % | £-6,096 | £20,083 |
| 3 Month Average | -18.744 % | £-4,907 | £21,272 |
| 6 Month Average | -5.586 % | £-1,462 | £24,717 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Brand Street |
| Dec 2023 | Drugs | Local resolution | On or near Brand Street |
| Feb 2024 | Vehicle crime | Under investigation | On or near Nun'S Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near West Alley |
| Feb 2024 | Public order | Under investigation | On or near West Alley |