£823,831
This estimated value is based upon the latest sale price for the house of £630,000 on 20 Oct 2016. 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 |
---|---|
£630,000 | 20 Oct 2016 |
£395,500 | 17 Jul 2008 |
£288,000 | 30 Jan 2003 |
£169,950 | 24 Mar 1999 |
£137,000 | 29 Jul 1998 |
Semi-Detached |
Freehold |
Floor Area: 137 sq meters or 1,474 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 October 2016 the House Price Index for HERTFORDSHIRE was 112.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.767%.Applying this 30.767% change to the original purchase price of £630,000 results in an estimated price of approximately £823,831.
20 Oct 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 146.7 | 30.767 % | £630,000 | £193,831 | £823,831 |
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 | 49.060 % | £309,079 | £939,079 |
3 Month Average | 24.974 % | £157,337 | £787,337 |
6 Month Average | 17.597 % | £110,864 | £740,864 |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 9 Mar 2021.
The average size of a house on GAPING LANE is 104 sq meters (1,120 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Gaping Lane |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near West Hill |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bedford Street |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lucas Lane |
Mar 2024 | Vehicle crime | Under investigation | On or near Gray'S Lane |