£497,897
This estimated value is based upon the latest sale price for the house of £235,000 on 27 Feb 2004. 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 |
|---|---|
| £235,000 | 27 Feb 2004 |
| Semi-Detached |
| 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 February 2004 the House Price Index for HERTFORDSHIRE was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £235,000 results in an estimated price of approximately £497,897.
| 27 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £235,000 | £262,897 | £497,897 |
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 | 142.552 % | £334,996 | £569,996 |
| 3 Month Average | 160.622 % | £377,461 | £612,461 |
| 6 Month Average | 126.251 % | £296,689 | £531,689 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £626,481 | £621,000 | 182 WHITEHILL ROAD |
| 23 Aug 2023 | £262,295 | £260,000 | 36 MORELLO GARDENS |
| 31 Mar 2023 | £272,568 | £270,000 | 13 MORELLO GARDENS |
| 4 Jan 2023 | £253,804 | £255,000 | 35 MORELLO GARDENS |
| 8 Jul 2022 | £260,702 | £260,000 | 24 MORELLO GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Morrello Gardens |
| Feb 2024 | Other crime | Further investigation is not in the public interest | On or near Morrello Gardens |
| Feb 2024 | Anti-social behaviour | On or near Mowbray Gardens | |
| Feb 2024 | Anti-social behaviour | On or near Mowbray Gardens | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Francis Close |