£706,432
This estimated value is based upon the latest sale price for the house of £130,000 on 5 Dec 1996. This value is then adjusted by the current Official House Price Index for BEDFORDSHIRE 1
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7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £130,000 | 5 Dec 1996 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for BEDFORDSHIRE to estimate the market value.
When this house was purchased in December 1996 the House Price Index for BEDFORDSHIRE was 27.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 443.410%.Applying this 443.410% change to the original purchase price of £130,000 results in an estimated price of approximately £706,432.
| 5 Dec 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 149.7 | 443.410 % | £130,000 | £576,432 | £706,432 |
The Postcode Pricing Model uses changes in average sales price within the SG16 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 | 749.907 % | £974,878 | £1,104,878 |
| 3 Month Average | 479.707 % | £623,619 | £753,619 |
| 6 Month Average | 497.700 % | £647,009 | £777,009 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £162,493 | £157,500 | 22 MEADOWSWEET |
| 22 Sep 2023 | £590,517 | £577,500 | 3 SHANNON CLOSE |
| 14 Sep 2023 | £255,630 | £249,995 | 36 LONG CLOSE |
| 1 Sep 2023 | £449,918 | £440,000 | 27 HILLSIDE ROAD |
| 2 Aug 2023 | £687,398 | £675,000 | 2 MEADOWSWEET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brittains Rise |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Endeavour Close |
| May 2024 | Other crime | Unable to prosecute suspect | On or near Hawthorn Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mayfield Crescent |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Mayfield Crescent |