£530,040
This estimated value is based upon the latest sale price for the house of £420,000 on 3 Oct 2017. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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15 High Street, Hitchin, SG5 1AT
Phone: 01462659280
Price Paid | Date |
---|---|
£420,000 | 3 Oct 2017 |
£240,000 | 11 Nov 2005 |
£250,000 | 16 Sep 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 111 sq meters or 1,198 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 2017 the House Price Index for HERTFORDSHIRE was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £420,000 results in an estimated price of approximately £530,040.
3 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.7 | 148.6 | 26.200 % | £420,000 | £110,040 | £530,040 |
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 | -34.999 % | £-146,995 | £273,004 |
3 Month Average | 26.946 % | £113,171 | £533,171 |
6 Month Average | 6.762 % | £28,402 | £448,402 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Nov 2023 | £155,299 | £153,000 | 31 WHITINGS COURT PAYNES PARK |
8 Nov 2023 | £314,658 | £310,000 | FLAT 4 HICCE HOUSE BRAND STREET |
1 Sep 2023 | £146,878 | £145,000 | 36 WHITINGS COURT PAYNES PARK |
13 Apr 2023 | £151,633 | £150,000 | 3 ARCADE WALK |
20 Jul 2022 | £352,449 | £351,500 | FLAT 7 HICCE HOUSE BRAND STREET |
This house has a floor area of 111 sq meters or 1,198 sq feet when measured on 22 Jun 2011. Using an estimated price of £530,040 means this house is valued at £4,762 per sq meter (£442 per sq foot).
The average size of a house on MARKET PLACE is 133 sq meters (1,436 sq feet).