£832,706
This estimated value is based upon the latest sale price for the house of £601,661 on 2 Dec 2015. 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 |
|---|---|
| £601,661 | 2 Dec 2015 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 December 2015 the House Price Index for HERTFORDSHIRE was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £601,661 results in an estimated price of approximately £832,706.
| 2 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £601,661 | £231,045 | £832,706 |
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 | 21.337 % | £128,373 | £730,034 |
| 3 Month Average | 41.504 % | £249,712 | £851,373 |
| 6 Month Average | 33.569 % | £201,972 | £803,633 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2023 | £633,527 | £625,000 | 1 PASSINGHAM AVENUE |
| 9 Jun 2023 | £496,008 | £490,000 | 18 PASSINGHAM AVENUE |
| 31 Mar 2023 | £328,091 | £325,000 | FLAT 4 HAZEL COURT THE AVENUE |
| 24 Jun 2022 | £481,809 | £475,000 | 26 WHITEHILL ROAD |
| 20 May 2022 | £224,225 | £220,000 | FLAT 6 ELGIN HOUSE HIGHBURY ROAD |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 1 Jul 2015. Using an estimated price of £832,707 means this house is valued at £6,308 per sq meter (£586 per sq foot).
The average size of a house on LOVELL CLOSE is 177 sq meters (1,910 sq feet).
This house is the largest in the street with a floor area of 132 sq meters (1,420 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pulter'S Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Newtons Way |
| Mar 2024 | Anti-social behaviour | On or near Wedmore Road | |
| Mar 2024 | Anti-social behaviour | On or near Wedmore Road | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Kendale Road |