£1,891,700
This estimated value is based upon the latest sale price for the house of £1,850,000 on 27 Sep 2023. 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 |
|---|---|
| £1,850,000 | 27 Sep 2023 |
| £565,000 | 27 Nov 2006 |
| Detached |
| Freehold |
| Floor Area: 244 sq meters or 2,626 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 September 2023 the House Price Index for HERTFORDSHIRE was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £1,850,000 results in an estimated price of approximately £1,891,700.
| 27 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £1,850,000 | £41,700 | £1,891,700 |
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 | 38.095 % | £704,761 | £2,554,761 |
| 3 Month Average | 24.019 % | £444,356 | £2,294,356 |
| 6 Month Average | 13.669 % | £252,876 | £2,102,876 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £1,308,208 | £1,275,000 | 9 HIGHBURY ROAD |
| 30 Oct 2023 | £1,074,402 | £1,050,000 | 3D THE AVENUE |
| 27 Sep 2023 | £1,891,701 | £1,850,000 | 44 THE AVENUE |
| 24 Jun 2022 | £1,993,658 | £1,951,041 | 41 BENSLOW LANE |
| 10 Jun 2022 | £408,737 | £400,000 | 24 TREVOR ROAD |
This house has a floor area of 244 sq meters or 2,626 sq feet when measured on 19 Jun 2015. Using an estimated price of £1,891,701 means this house is valued at £7,752 per sq meter (£720 per sq foot).
The average size of a house on THE AVENUE is 151 sq meters (1,630 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Robbery | Investigation complete; no suspect identified | On or near The Avenue |
| Apr 2024 | Possession of weapons | Offender given a caution | On or near The Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Walsworth Road |
| Jul 2024 | Anti-social behaviour | On or near Walsworth Road | |
| Jul 2024 | Anti-social behaviour | On or near Walsworth Road |