£515,347
This estimated value is based upon the latest sale price for the house of £417,000 on 19 Dec 2019. 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 |
---|---|
£417,000 | 19 Dec 2019 |
£110,500 | 15 Dec 2000 |
Terraced |
Freehold |
Floor Area: 78 sq meters or 839 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 December 2019 the House Price Index for HERTFORDSHIRE was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £417,000 results in an estimated price of approximately £515,347.
19 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.585 % | £417,000 | £98,347 | £515,347 |
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 | 29.643 % | £123,613 | £540,613 |
3 Month Average | 7.278 % | £30,348 | £447,348 |
6 Month Average | 6.549 % | £27,308 | £444,308 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Aug 2023 | £397,163 | £390,000 | 42 CHALKDELL PATH |
3 Feb 2023 | £377,522 | £375,000 | 3 KENT PLACE |
30 Jan 2023 | £446,192 | £445,000 | 16 OUGHTON HEAD WAY |
11 Aug 2022 | £678,171 | £675,000 | 4 MAXWELLS PATH |
1 Aug 2022 | £366,715 | £365,000 | 10 OUGHTON HEAD WAY |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 20 Sep 2019. Using an estimated price of £515,348 means this house is valued at £6,607 per sq meter (£613 per sq foot).
The average size of a house on BEDFORD ROAD is 73 sq meters (787 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Greenside Drive |
Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oughton Head Way |
Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Oughton Head Way |
Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Firs Close |
Aug 2024 | Violence and sexual offences | Offender given a caution | On or near Firs Close |