£1,002,145
This estimated value is based upon the latest sale price for the house of £300,000 on 28 Aug 2001. 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 |
|---|---|
| £300,000 | 28 Aug 2001 |
| Semi-Detached |
| Freehold |
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 August 2001 the House Price Index for HERTFORDSHIRE was 44.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 234.049%.Applying this 234.049% change to the original purchase price of £300,000 results in an estimated price of approximately £1,002,145.
| 28 Aug 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.8 | 149.7 | 234.049 % | £300,000 | £702,145 | £1,002,145 |
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 | 180.700 % | £542,098 | £842,098 |
| 3 Month Average | 179.687 % | £539,062 | £839,062 |
| 6 Month Average | 174.894 % | £524,681 | £824,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £421,476 | £415,000 | 6 KENDALE ROAD |
| 17 Nov 2023 | £504,301 | £491,500 | 8 KENDALE ROAD |
| 6 Oct 2023 | £373,483 | £365,000 | 12 NEWTONS WAY |
| 6 Oct 2023 | £402,133 | £393,000 | 32 HIGHBURY ROAD |
| 10 Aug 2023 | £1,008,184 | £990,000 | 42 ST JOHNS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Newtons Way |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kendale Road |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Acre Piece |
| Sep 2024 | Bicycle theft | Under investigation | On or near Waltham Road |
| Aug 2024 | Anti-social behaviour | On or near Waltham Road |