£106,672
This estimated value is based upon the latest sale price for the house of £51,000 on 23 Feb 2004. 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 |
|---|---|
| £51,000 | 23 Feb 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 33 sq meters or 355 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 February 2004 the House Price Index for HERTFORDSHIRE was 70.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 109.162%.Applying this 109.162% change to the original purchase price of £51,000 results in an estimated price of approximately £106,672.
| 23 Feb 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 146.7 | 109.162 % | £51,000 | £55,672 | £106,672 |
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 | 182.026 % | £92,833 | £143,833 |
| 3 Month Average | 138.318 % | £70,541 | £121,541 |
| 6 Month Average | 137.678 % | £70,215 | £121,215 |
This house has a floor area of 33 sq meters or 355 sq feet when measured on 7 Dec 2011.
There is one other house on the street which we know the size of, this is 19 FREEMANS CLOSE it is 42.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Freemans Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Crescent |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Crescent |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mattocke Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Mattocke Road |