£909,546
This estimated value is based upon the latest sale price for the house of £745,000 on 18 Apr 2019. 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 |
|---|---|
| £745,000 | 18 Apr 2019 |
| Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 April 2019 the House Price Index for HERTFORDSHIRE was 120.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.087%.Applying this 22.087% change to the original purchase price of £745,000 results in an estimated price of approximately £909,546.
| 18 Apr 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 146.7 | 22.087 % | £745,000 | £164,546 | £909,546 |
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 | 52.737 % | £392,892 | £1,137,892 |
| 3 Month Average | 33.561 % | £250,026 | £995,026 |
| 6 Month Average | 30.906 % | £230,247 | £975,247 |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 23 Jan 2019.
There is one other house on the street which we know the size of, this is 8 WESTFIELD LANE it is 96.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near West Hill |
| Mar 2024 | Anti-social behaviour | On or near Winston Close | |
| Mar 2024 | Anti-social behaviour | On or near Winston Close | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Gray'S Lane |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Gray'S Lane |