£193,072
This estimated value is based upon the latest sale price for the house of £118,000 on 15 Oct 2013. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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41 Hermitage Road, Hitchin, SG5 1BY
Phone: 01462228017
Price Paid | Date |
---|---|
£118,000 | 15 Oct 2013 |
Flats/Maisonettes |
Leasehold |
Floor Area: 70 sq meters or 758 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 October 2013 the House Price Index for HERTFORDSHIRE was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £118,000 results in an estimated price of approximately £193,072.
15 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
90.8 | 148.6 | 63.621 % | £118,000 | £75,072 | £193,072 |
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 | 102.812 % | £121,318 | £239,318 |
3 Month Average | 94.448 % | £111,448 | £229,448 |
6 Month Average | 75.174 % | £88,704 | £206,704 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £281,000 | £281,000 | 19 THE EXCHANGE QUEEN STREET |
20 Jan 2023 | £166,715 | £167,500 | FLAT 4 BALLIOL CHAMBERS HOLLOW LANE |
10 Nov 2022 | £271,709 | £275,000 | 116 QUEEN STREET |
15 Jul 2022 | £220,594 | £220,000 | 5 WOODCOTE HOUSE QUEEN STREET |
5 Jan 2022 | £171,016 | £162,500 | 4 WOODCOTE HOUSE QUEEN STREET |
This house has a floor area of 70 sq meters or 758 sq feet when measured on 28 Mar 2009. Using an estimated price of £193,072 means this house is valued at £2,738 per sq meter (£254 per sq foot).
The average size of a house on GARRISON COURT is 50 sq meters (546 sq feet).
This house is the largest in the street with a floor area of 70 sq meters (758 sq feet).