£538,223
This estimated value is based upon the latest sale price for the house of £315,000 on 22 Jun 2012. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £315,000 | 22 Jun 2012 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 June 2012 the House Price Index for HERTFORDSHIRE was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.865%.Applying this 70.865% change to the original purchase price of £315,000 results in an estimated price of approximately £538,223.
| 22 Jun 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.865 % | £315,000 | £223,223 | £538,223 |
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 | 89.286 % | £281,251 | £596,251 |
| 3 Month Average | 65.084 % | £205,014 | £520,014 |
| 6 Month Average | 67.740 % | £213,379 | £528,379 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2024 | £630,000 | £630,000 | 9 MEADOW WAY |
| 25 Mar 2024 | £573,816 | £565,000 | 13 THE LIMES |
| 23 Oct 2023 | £793,011 | £775,000 | 5 GRAYS LANE |
| 25 Aug 2023 | £560,102 | £550,000 | FLAT 5 42 UPPER TILEHOUSE STREET |
| 9 Jun 2023 | £163,272 | £160,000 | 4 APPLETREES |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 16 May 2012. Using an estimated price of £538,224 means this house is valued at £5,328 per sq meter (£495 per sq foot).
The average size of a house on WRATTEN ROAD WEST is 68 sq meters (740 sq feet).
This house is the largest in the street with a floor area of 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Wratten Road West | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wratten Close |
| Aug 2024 | Anti-social behaviour | On or near Wratten Close | |
| Aug 2024 | Anti-social behaviour | On or near Wratten Close | |
| Aug 2024 | Anti-social behaviour | On or near Wratten Close |