£401,660
This estimated value is based upon the latest sale price for the house of £370,000 on 14 Sep 2021. 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 |
|---|---|
| £370,000 | 14 Sep 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2021 the House Price Index for HERTFORDSHIRE was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £370,000 results in an estimated price of approximately £401,660.
| 14 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £370,000 | £31,660 | £401,660 |
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 | 11.982 % | £44,331 | £414,331 |
| 3 Month Average | 8.806 % | £32,580 | £402,580 |
| 6 Month Average | 5.580 % | £20,647 | £390,647 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £353,986 | £345,000 | 132 HINE WAY |
| 20 Sep 2023 | £154,404 | £151,000 | 55 MOSS WAY |
| 21 Jul 2022 | £424,251 | £420,000 | 52 KINGS HEDGES |
| 5 Jul 2022 | £439,403 | £435,000 | 12 MOSS WAY |
| 16 Jun 2022 | £388,300 | £380,000 | 8 KINGS HEDGES |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 7 Sep 2020. Using an estimated price of £401,661 means this house is valued at £4,413 per sq meter (£410 per sq foot).
The average size of a house on KINGS HEDGES is 92 sq meters (998 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Moss Way |
| Oct 2024 | Anti-social behaviour | On or near Moss Way | |
| Sep 2024 | Possession of weapons | Under investigation | On or near Moss Way |
| Oct 2024 | Anti-social behaviour | On or near Bingen Road | |
| Oct 2024 | Anti-social behaviour | On or near Bingen Road |