£515,204
This estimated value is based upon the latest sale price for the house of £418,000 on 28 Feb 2020. 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 |
|---|---|
| £418,000 | 28 Feb 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2020 the House Price Index for HERTFORDSHIRE was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £418,000 results in an estimated price of approximately £515,204.
| 28 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £418,000 | £97,204 | £515,204 |
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 | 40.531 % | £169,419 | £587,419 |
| 3 Month Average | 28.854 % | £120,609 | £538,609 |
| 6 Month Average | 16.039 % | £67,042 | £485,042 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £820,000 | £820,000 | 6 LOVELL CLOSE |
| 9 May 2024 | £2,210,000 | £2,210,000 | 24 WYMONDLEY ROAD |
| 12 Apr 2024 | £807,008 | £800,000 | 17 WYMONDLEY ROAD |
| 9 Jun 2023 | £500,020 | £490,000 | 18 PASSINGHAM AVENUE |
| 28 Apr 2023 | £1,019,061 | £1,000,000 | 22B THE AVENUE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 14 Oct 2019. Using an estimated price of £515,205 means this house is valued at £6,779 per sq meter (£629 per sq foot).
The average size of a house on RIDDY HILL CLOSE is 136 sq meters (1,463 sq feet).
This house is the smallest in the street with a floor area of 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Acre Piece |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near The Aspens |
| Aug 2024 | Vehicle crime | Under investigation | On or near Chiltern Road |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Chiltern Road |
| Sep 2024 | Vehicle crime | Formal action is not in the public interest | On or near Sorrel Garth |