£913,985
This estimated value is based upon the latest sale price for the house of £725,000 on 24 Nov 2017. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £725,000 | 24 Nov 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 November 2017 the House Price Index for HERTFORDSHIRE was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £725,000 results in an estimated price of approximately £913,985.
| 24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £725,000 | £188,985 | £913,985 |
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 | 42.907 % | £311,074 | £1,036,074 |
| 3 Month Average | 27.283 % | £197,800 | £922,800 |
| 6 Month Average | 7.354 % | £53,316 | £778,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £774,778 | £768,000 | 43 WEST HILL |
| 20 Jul 2022 | £977,632 | £975,000 | 18 GRAYS LANE |
| 28 Sep 2020 | £737,364 | £621,000 | GRAIGLEA UPPER TILEHOUSE STREET |
| 20 Mar 2020 | £692,551 | £575,000 | 8 WALSH CLOSE |
| 21 Feb 2020 | £795,268 | £650,000 | 8 GRAYS LANE |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 3 Oct 2016. Using an estimated price of £913,985 means this house is valued at £6,575 per sq meter (£610 per sq foot).
The average size of a house on GRAYS LANE is 137 sq meters (1,479 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Winston Close | |
| Mar 2024 | Anti-social behaviour | On or near Winston Close | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Gray'S Lane |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Gray'S Lane |
| Mar 2024 | Drugs | Local resolution | On or near Upper Tilehouse Street |