£1,010,121
This estimated value is based upon the latest sale price for the house of £1,000,000 on 8 Jul 2022. 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 |
|---|---|
| £1,000,000 | 8 Jul 2022 |
| £1,000,000 | 8 Jul 2022 |
| £900,000 | 29 Nov 2019 |
| Detached |
| Freehold |
| Floor Area: 179 sq meters or 1,926 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 July 2022 the House Price Index for HERTFORDSHIRE was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £1,000,000 results in an estimated price of approximately £1,010,121.
| 8 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £1,000,000 | £10,121 | £1,010,121 |
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 | -42.046 % | £-420,459 | £579,540 |
| 3 Month Average | -2.094 % | £-20,940 | £979,059 |
| 6 Month Average | -2.490 % | £-24,898 | £975,101 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Feb 2023 | £669,472 | £665,000 | 72 GRAYS LANE |
| 26 Jan 2023 | £777,076 | £775,000 | 62 GAPING LANE |
| 3 Nov 2022 | £865,991 | £870,040 | SUNDOWN LUCAS LANE |
| 8 Jul 2022 | £1,010,121 | £1,000,000 | 26 BOWLERS END |
| 10 Nov 2021 | £784,454 | £720,000 | 81 WEST HILL |
This house has a floor area of 179 sq meters or 1,926 sq feet when measured on 25 Nov 2019. Using an estimated price of £1,010,121 means this house is valued at £5,643 per sq meter (£524 per sq foot).
The average size of a house on BOWLERS END is 167 sq meters (1,801 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bowlers End |