£593,493
This estimated value is based upon the latest sale price for the house of £475,000 on 12 Feb 2018. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Alexander House, 40a Wilbury Way, Hitchin, SG4 0AP
Phone: 02081280072
| Price Paid | Date |
|---|---|
| £475,000 | 12 Feb 2018 |
| £283,000 | 28 Feb 2007 |
| £154,500 | 24 May 2000 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 February 2018 the House Price Index for HERTFORDSHIRE was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £475,000 results in an estimated price of approximately £593,493.
| 12 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £475,000 | £118,493 | £593,493 |
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 | 30.485 % | £144,801 | £619,801 |
| 3 Month Average | 49.264 % | £234,003 | £709,003 |
| 6 Month Average | 31.202 % | £148,208 | £623,208 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £578,750 | £578,750 | 33 GAINSFORD CRESCENT |
| 20 Jul 2023 | £522,026 | £515,000 | 16 GAINSFORD CRESCENT |
| 14 Jul 2023 | £1,044,052 | £1,030,000 | 19 MILLARD WAY |
| 9 Jun 2023 | £485,886 | £480,000 | 57 GROVELANDS AVENUE |
| 28 Feb 2023 | £638,570 | £639,000 | 24 GROVELANDS AVENUE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 20 Jan 2017. Using an estimated price of £593,494 means this house is valued at £6,521 per sq meter (£605 per sq foot).
The average size of a house on GROVELANDS AVENUE is 99 sq meters (1,068 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grovelands Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Armour Rise |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Franklin Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Franklin Gardens |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hampden Road |