£593,812
This estimated value is based upon the latest sale price for the house of £445,000 on 31 Oct 2016. 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 |
|---|---|
| £445,000 | 31 Oct 2016 |
| £280,000 | 9 Mar 2007 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 2016 the House Price Index for HERTFORDSHIRE was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £445,000 results in an estimated price of approximately £593,812.
| 31 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £445,000 | £148,812 | £593,812 |
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 | 75.092 % | £334,160 | £779,160 |
| 3 Month Average | 24.297 % | £108,120 | £553,120 |
| 6 Month Average | 30.075 % | £133,831 | £578,831 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £914,043 | £900,000 | 198 WHITEHILL ROAD |
| 8 Dec 2023 | £536,485 | £520,000 | 23 BROADMEAD |
| 2 Nov 2023 | £579,716 | £565,000 | 14 BROADMEAD |
| 24 Aug 2023 | £632,406 | £621,000 | 182 WHITEHILL ROAD |
| 25 Apr 2022 | £1,426,455 | £1,375,000 | THE COTTAGE WHITEHILL CLOSE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 16 Aug 2016. Using an estimated price of £593,813 means this house is valued at £6,059 per sq meter (£562 per sq foot).
The average size of a house on BROADMEAD is 91 sq meters (987 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Whitehills Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Whitehills Close |
| Jul 2024 | Vehicle crime | Under investigation | On or near The Beeches |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near The Beeches |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Walnut Close |