£416,043
This estimated value is based upon the latest sale price for the house of £332,500 on 8 Sep 2017. 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 |
|---|---|
| £332,500 | 8 Sep 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 37 sq meters or 405 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 2017 the House Price Index for HERTFORDSHIRE was 117.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.126%.Applying this 25.126% change to the original purchase price of £332,500 results in an estimated price of approximately £416,043.
| 8 Sep 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 146.7 | 25.126 % | £332,500 | £83,543 | £416,043 |
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 | 22.648 % | £75,303 | £407,803 |
| 3 Month Average | 17.513 % | £58,229 | £390,729 |
| 6 Month Average | 14.476 % | £48,133 | £380,633 |
This house has a floor area of 37 sq meters or 405 sq feet when measured on 29 May 2010.
The average size of a house on FRIDAY FURLONG is 92 sq meters (996 sq feet).
This house is the smallest in the street with a floor area of 37 sq meters (405 sq feet).