£531,494
This estimated value is based upon the latest sale price for the house of £440,000 on 10 Aug 2020. 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 |
|---|---|
| £440,000 | 10 Aug 2020 |
| £250,000 | 7 Sep 2007 |
| £92,000 | 22 Jul 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 August 2020 the House Price Index for HERTFORDSHIRE was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £440,000 results in an estimated price of approximately £531,494.
| 10 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £440,000 | £91,494 | £531,494 |
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 | -21.088 % | £-92,789 | £347,210 |
| 3 Month Average | 2.045 % | £8,996 | £448,996 |
| 6 Month Average | 18.498 % | £81,393 | £521,393 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £499,511 | £488,500 | 30 KERSHAWS HILL |
| 30 Jun 2023 | £535,736 | £525,000 | 31 KERSHAWS HILL |
| 10 Mar 2023 | £664,090 | £653,000 | 27 NURSERY HILL |
| 17 Jun 2022 | £550,773 | £539,000 | 21 KERSHAWS HILL |
| 31 Mar 2022 | £521,967 | £500,000 | 9 KERSHAWS HILL |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 8 Jan 2020. Using an estimated price of £531,494 means this house is valued at £7,592 per sq meter (£705 per sq foot).
The average size of a house on KERSHAWS HILL is 83 sq meters (894 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kershaw'S Hill |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hollow Lane |
| Jul 2024 | Anti-social behaviour | On or near Hollow Lane | |
| Jul 2024 | Anti-social behaviour | On or near St Andrew'S Place | |
| Jul 2024 | Anti-social behaviour | On or near St Andrew'S Place |