£157,528
This estimated value is based upon the latest sale price for the house of £42,000 on 20 Apr 2000. 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 |
|---|---|
| £42,000 | 20 Apr 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 106 sq meters or 1,140 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 April 2000 the House Price Index for HERTFORDSHIRE was 39.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 275.069%.Applying this 275.069% change to the original purchase price of £42,000 results in an estimated price of approximately £157,528.
| 20 Apr 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.1 | 146.7 | 275.069 % | £42,000 | £115,528 | £157,528 |
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 | 369.897 % | £155,356 | £197,356 |
| 3 Month Average | 355.271 % | £149,214 | £191,214 |
| 6 Month Average | 327.975 % | £137,749 | £179,749 |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 13 Oct 2014.
The average size of a house on WESTMILL ROAD is 80 sq meters (862 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Westmill Lawns |
| Feb 2024 | Anti-social behaviour | On or near Westmill Road | |
| Feb 2024 | Anti-social behaviour | On or near Westmill Road | |
| Jan 2024 | Anti-social behaviour | On or near Westmill Road | |
| Jan 2024 | Anti-social behaviour | On or near Westmill Road |