£624,072
This estimated value is based upon the latest sale price for the house of £189,000 on 7 Sep 2001. 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 |
|---|---|
| £189,000 | 7 Sep 2001 |
| 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 September 2001 the House Price Index for HERTFORDSHIRE was 45.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 230.197%.Applying this 230.197% change to the original purchase price of £189,000 results in an estimated price of approximately £624,072.
| 7 Sep 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 149.7 | 230.197 % | £189,000 | £435,072 | £624,072 |
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 | 289.479 % | £547,114 | £736,114 |
| 3 Month Average | 252.994 % | £478,159 | £667,159 |
| 6 Month Average | 238.020 % | £449,858 | £638,858 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £420,679 | £410,000 | 35 WESTBURY CLOSE |
| 31 Oct 2023 | £592,456 | £579,000 | 26 WESTBURY CLOSE |
| 18 Nov 2022 | £786,323 | £790,000 | 75 TALBOT STREET |
| 14 Jun 2022 | £780,049 | £763,375 | 41 TALBOT STREET |
| 14 Jan 2022 | £657,323 | £620,000 | 24 WESTBURY CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Talbot Street |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Fosman Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bowlers End |
| Oct 2024 | Anti-social behaviour | On or near South Place | |
| Oct 2024 | Vehicle crime | Under investigation | On or near South Place |