£3,422,157
This estimated value is based upon the latest sale price for the house of £2,700,000 on 29 Sep 2017. 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 |
|---|---|
| £2,700,000 | 29 Sep 2017 |
| 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 September 2017 the House Price Index for HERTFORDSHIRE was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £2,700,000 results in an estimated price of approximately £3,422,157.
| 29 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £2,700,000 | £722,157 | £3,422,157 |
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 | 5.233 % | £141,293 | £2,841,293 |
| 3 Month Average | 23.251 % | £627,786 | £3,327,786 |
| 6 Month Average | 5.989 % | £161,696 | £2,861,696 |
| 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 |
| 29 Jun 2023 | £209,538 | £207,000 | 37 WRATTEN ROAD EAST |
| 9 Jun 2023 | £161,962 | £160,000 | 4 APPLETREES |
| 13 Sep 2022 | £238,077 | £240,000 | 6 WOODCROFT WRATTEN ROAD EAST |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Wratten Close | |
| Dec 2023 | Anti-social behaviour | On or near Wratten Close | |
| Dec 2023 | Anti-social behaviour | On or near Wratten Close | |
| Dec 2023 | Anti-social behaviour | On or near Wratten Close | |
| Mar 2024 | Drugs | Local resolution | On or near Upper Tilehouse Street |