£403,331
This estimated value is based upon the latest sale price for the house of £86,000 on 25 Sep 1998. 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 |
|---|---|
| £86,000 | 25 Sep 1998 |
| Semi-Detached |
| Freehold |
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 1998 the House Price Index for HERTFORDSHIRE was 31.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 368.991%.Applying this 368.991% change to the original purchase price of £86,000 results in an estimated price of approximately £403,331.
| 25 Sep 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.9 | 149.7 | 368.991 % | £86,000 | £317,331 | £403,331 |
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 | 518.574 % | £445,973 | £531,973 |
| 3 Month Average | 416.233 % | £357,960 | £443,960 |
| 6 Month Average | 423.754 % | £364,428 | £450,428 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 May 2024 | £495,000 | £495,000 | 1 SPURRS CLOSE |
| 30 Nov 2023 | £435,043 | £424,000 | 14 GIRONS CLOSE |
| 13 Oct 2023 | £263,484 | £257,500 | 29 BOWMANS AVENUE |
| 20 Sep 2023 | £971,414 | £950,000 | 98 WYMONDLEY ROAD |
| 11 Aug 2023 | £641,571 | £630,000 | 9 BOWMANS AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Hensley Close |
| Jun 2024 | Anti-social behaviour | On or near Wymondley Road | |
| Jun 2024 | Anti-social behaviour | On or near Wymondley Road | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Stuart Drive |
| May 2024 | Violence and sexual offences | Under investigation | On or near Stuart Drive |