£400,935
This estimated value is based upon the latest sale price for the house of £395,000 on 10 Nov 2023. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Alexander House, 40a Wilbury Way, Hitchin, SG4 0AP
Phone: 02081280072
| Price Paid | Date |
|---|---|
| £395,000 | 10 Nov 2023 |
| £360,000 | 1 Oct 2020 |
| £192,000 | 6 Apr 2005 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 November 2023 the House Price Index for HERTFORDSHIRE was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £395,000 results in an estimated price of approximately £400,935.
| 10 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £395,000 | £5,935 | £400,935 |
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 | -18.305 % | £-72,306 | £322,693 |
| 3 Month Average | 21.612 % | £85,368 | £480,368 |
| 6 Month Average | 8.828 % | £34,869 | £429,869 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £400,936 | £395,000 | RIVERSMEAD GREEN LANE |
| 3 Nov 2023 | £409,056 | £403,000 | 21 WOOLGROVE ROAD |
| 14 Jul 2023 | £199,181 | £196,500 | 10 GREEN LANE COURT |
| 5 Jan 2023 | £278,687 | £280,000 | 19B WOOLGROVE ROAD |
| 29 Nov 2022 | £400,153 | £405,000 | MAPLE HOUSE GREEN LANE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 13 May 2017. Using an estimated price of £400,936 means this house is valued at £4,830 per sq meter (£448 per sq foot).
The average size of a house on GREEN LANE is 91 sq meters (979 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orchard Road |