£839,971
This estimated value is based upon the latest sale price for the house of £475,000 on 7 Nov 2008. 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 |
|---|---|
| £475,000 | 7 Nov 2008 |
| Detached |
| Freehold |
| Floor Area: 242 sq meters or 2,604 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 2008 the House Price Index for HERTFORDSHIRE was 83.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 76.836%.Applying this 76.836% change to the original purchase price of £475,000 results in an estimated price of approximately £839,971.
| 7 Nov 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 146.7 | 76.836 % | £475,000 | £364,971 | £839,971 |
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 | 109.091 % | £518,183 | £993,183 |
| 3 Month Average | 94.621 % | £449,447 | £924,447 |
| 6 Month Average | 72.318 % | £343,510 | £818,510 |
This house has a floor area of 242 sq meters or 2,604 sq feet when measured on 28 Feb 2012.
The average size of a house on GRAYS LANE is 137 sq meters (1,479 sq feet).
This house is the largest in the street with a floor area of 242 sq meters (2,604 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Winston Close | |
| Mar 2024 | Anti-social behaviour | On or near Winston Close | |
| Mar 2024 | Drugs | Local resolution | On or near Upper Tilehouse Street |
| Mar 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Dec 2023 | Anti-social behaviour | On or near Wratten Close |