£257,176
This estimated value is based upon the latest sale price for the house of £215,000 on 24 Sep 2020. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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32 Bancroft, Hitchin, SG5 1LA
Phone: 01462228860
| Price Paid | Date |
|---|---|
| £215,000 | 24 Sep 2020 |
| £125,000 | 4 Nov 2005 |
| £84,500 | 3 Mar 2000 |
| £58,600 | 17 Nov 1998 |
| £45,000 | 12 Jul 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 September 2020 the House Price Index for HERTFORDSHIRE was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £215,000 results in an estimated price of approximately £257,176.
| 24 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £215,000 | £42,176 | £257,176 |
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 | 29.602 % | £63,643 | £278,643 |
| 3 Month Average | 9.568 % | £20,570 | £235,570 |
| 6 Month Average | 9.309 % | £20,014 | £235,014 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £761,703 | £750,000 | 27 BESSEMER CLOSE |
| 13 Mar 2024 | £807,405 | £795,000 | 28 BESSEMER CLOSE |
| 14 Dec 2023 | £159,914 | £155,000 | 23 SHEPHERDS MEAD |
| 24 Aug 2023 | £771,413 | £757,500 | 52 BESSEMER CLOSE |
| 24 Aug 2023 | £712,857 | £700,000 | 37 BESSEMER CLOSE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 9 Jul 2020. Using an estimated price of £257,177 means this house is valued at £5,042 per sq meter (£468 per sq foot).
The average size of a house on OLD HALE WAY is 117 sq meters (1,265 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Willow Tree Way |