£1,770,569
This estimated value is based upon the latest sale price for the house of £1,425,000 on 19 Jul 2019. 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 |
|---|---|
| £1,425,000 | 19 Jul 2019 |
| £485,000 | 31 Jul 2002 |
| Detached |
| Freehold |
| Floor Area: 318 sq meters or 3,422 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 2019 the House Price Index for HERTFORDSHIRE was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £1,425,000 results in an estimated price of approximately £1,770,569.
| 19 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £1,425,000 | £345,569 | £1,770,569 |
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 | 39.710 % | £565,863 | £1,990,863 |
| 3 Month Average | 16.457 % | £234,512 | £1,659,512 |
| 6 Month Average | 17.060 % | £243,100 | £1,668,100 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £2,210,000 | £2,210,000 | 24 WYMONDLEY ROAD |
| 12 Apr 2024 | £807,008 | £800,000 | 17 WYMONDLEY ROAD |
| 19 Mar 2024 | £1,030,838 | £1,015,000 | 6 WYMONDLEY CLOSE |
| 6 Oct 2023 | £1,074,402 | £1,050,000 | 7 WYMONDLEY CLOSE |
| 21 Aug 2023 | £827,933 | £813,000 | 32 WYMONDLEY ROAD |
This house has a floor area of 318 sq meters or 3,422 sq feet when measured on 18 Feb 2019. Using an estimated price of £1,770,569 means this house is valued at £5,567 per sq meter (£517 per sq foot).
The average size of a house on WYMONDLEY ROAD is 145 sq meters (1,565 sq feet).
This house is the largest in the street with a floor area of 318 sq meters (3,422 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | 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 |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Aspens |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Avenue |