£962,557
This estimated value is based upon the latest sale price for the house of £795,000 on 14 Nov 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 |
|---|---|
| £795,000 | 14 Nov 2019 |
| £145,000 | 2 Dec 1996 |
| Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 November 2019 the House Price Index for HERTFORDSHIRE was 121.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.076%.Applying this 21.076% change to the original purchase price of £795,000 results in an estimated price of approximately £962,557.
| 14 Nov 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.076 % | £795,000 | £167,557 | £962,557 |
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 | 15.477 % | £123,045 | £918,045 |
| 3 Month Average | 9.936 % | £78,994 | £873,994 |
| 6 Month Average | 8.906 % | £70,805 | £865,805 |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 15 Jul 2019.
The average size of a house on LUCAS LANE is 122 sq meters (1,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near West Hill |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Gaping Lane |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lucas Lane |
| 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 |