£163,271
This estimated value is based upon the latest sale price for the house of £160,000 on 9 Jun 2023. 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 |
|---|---|
| £160,000 | 9 Jun 2023 |
| £135,000 | 8 Jan 2007 |
| £48,500 | 31 Oct 1997 |
| Flats/Maisonettes |
| Leasehold |
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 £160,000 results in an estimated price of approximately £163,271.
| 9 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £160,000 | £3,271 | £163,271 |
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 | -19.541 % | £-31,265 | £128,734 |
| 3 Month Average | -2.511 % | £-4,018 | £155,981 |
| 6 Month Average | -0.491 % | £-786 | £159,213 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £573,816 | £565,000 | 13 THE LIMES |
| 23 Oct 2023 | £793,011 | £775,000 | 5 GRAYS LANE |
| 9 Oct 2023 | £799,406 | £781,250 | 10 WALSH CLOSE |
| 25 Aug 2023 | £560,102 | £550,000 | FLAT 5 42 UPPER TILEHOUSE STREET |
| 9 Jun 2023 | £163,272 | £160,000 | 4 APPLETREES |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Wratten Road West | |
| Oct 2024 | Anti-social behaviour | On or near Wratten Road West | |
| Sep 2024 | Drugs | Local resolution | On or near The Limes |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wratten Close |
| Aug 2024 | Anti-social behaviour | On or near Wratten Close |