£284,799
This estimated value is based upon the latest sale price for the house of £176,000 on 5 Apr 2007. 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 |
|---|---|
| £176,000 | 5 Apr 2007 |
| £132,500 | 27 Sep 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2007 the House Price Index for HERTFORDSHIRE was 92.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.818%.Applying this 61.818% change to the original purchase price of £176,000 results in an estimated price of approximately £284,799.
| 5 Apr 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 149.7 | 61.818 % | £176,000 | £108,799 | £284,799 |
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 | 97.602 % | £171,780 | £347,780 |
| 3 Month Average | 72.768 % | £128,072 | £304,072 |
| 6 Month Average | 68.176 % | £119,989 | £295,989 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £353,986 | £345,000 | 132 HINE WAY |
| 25 Sep 2023 | £219,846 | £215,000 | 34 DUGDALE COURT |
| 20 Sep 2023 | £154,404 | £151,000 | 55 MOSS WAY |
| 14 Aug 2023 | £211,311 | £207,500 | 31 DUGDALE COURT |
| 28 Apr 2023 | £377,052 | £370,000 | 23 HINE WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 8 Jul 2014. Using an estimated price of £284,799 means this house is valued at £3,901 per sq meter (£362 per sq foot).
The average size of a house on BINGEN ROAD is 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Bingen Road | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Bingen Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Bingen Road |