£393,037
This estimated value is based upon the latest sale price for the house of £275,000 on 26 Aug 2015. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
There has been one burglary within the last year on or near Hermitage Road
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108 Bancroft, Hitchin, SG5 1NB
Phone: 01462228777
| Price Paid | Date |
|---|---|
| £275,000 | 26 Aug 2015 |
| 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 August 2015 the House Price Index for HERTFORDSHIRE was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £275,000 results in an estimated price of approximately £393,037.
| 26 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £275,000 | £118,037 | £393,037 |
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 | 34.376 % | £94,534 | £369,534 |
| 3 Month Average | 38.363 % | £105,499 | £380,499 |
| 6 Month Average | 38.173 % | £104,976 | £379,976 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £341,992 | £339,000 | APARTMENT 10 THE GRANGE PORTMILL LANE |
| 10 Nov 2022 | £271,709 | £275,000 | 116 QUEEN STREET |
| 22 Aug 2022 | £51,212 | £51,350 | 11D BANCROFT |
| 22 Aug 2022 | £36,901 | £37,000 | 12 BANCROFT |
| 8 Jun 2022 | £204,896 | £202,000 | FLAT 3 YORK HOUSE, 96 HERMITAGE ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 3 Jul 2015. Using an estimated price of £393,038 means this house is valued at £5,104 per sq meter (£474 per sq foot).
The average size of a house on PORTMILL LANE is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Hermitage Road | |
| Mar 2024 | Burglary | Under investigation | On or near Hermitage Road |
| Mar 2024 | Shoplifting | Under investigation | On or near Hermitage Road |
| Mar 2024 | Violence and sexual offences | Offender given a caution | On or near Hermitage Road |
| Mar 2024 | Anti-social behaviour | On or near Hermitage Road |