£686,762
This estimated value is based upon the latest sale price for the house of £673,000 on 8 Jun 2023. 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 |
|---|---|
| £673,000 | 8 Jun 2023 |
| £311,500 | 3 Jun 2015 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 June 2023 the House Price Index for HERTFORDSHIRE was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £673,000 results in an estimated price of approximately £686,762.
| 8 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £673,000 | £13,762 | £686,762 |
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 | -19.162 % | £-128,957 | £544,042 |
| 3 Month Average | -16.162 % | £-108,769 | £564,230 |
| 6 Month Average | -5.748 % | £-38,685 | £634,314 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £421,476 | £415,000 | 6 KENDALE ROAD |
| 17 Nov 2023 | £504,301 | £491,500 | 8 KENDALE ROAD |
| 6 Oct 2023 | £402,133 | £393,000 | 32 HIGHBURY ROAD |
| 6 Oct 2023 | £373,483 | £365,000 | 12 NEWTONS WAY |
| 10 Aug 2023 | £1,008,184 | £990,000 | 42 ST JOHNS ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 13 Aug 2015. Using an estimated price of £686,763 means this house is valued at £7,305 per sq meter (£678 per sq foot).
The average size of a house on NEWTONS WAY is 107 sq meters (1,161 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Newtons Way |
| Aug 2024 | Anti-social behaviour | On or near Hollow Lane | |
| Aug 2024 | Anti-social behaviour | On or near Hollow Lane | |
| Aug 2024 | Anti-social behaviour | On or near Hollow Lane | |
| Aug 2024 | Anti-social behaviour | On or near Hollow Lane |