£1,027,616
This estimated value is based upon the latest sale price for the house of £725,000 on 2 Oct 2015. 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 |
|---|---|
| £725,000 | 2 Oct 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 154 sq meters or 1,657 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 2015 the House Price Index for HERTFORDSHIRE was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £725,000 results in an estimated price of approximately £1,027,616.
| 2 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 149.7 | 41.740 % | £725,000 | £302,616 | £1,027,616 |
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 | 74.997 % | £543,731 | £1,268,731 |
| 3 Month Average | 48.919 % | £354,661 | £1,079,661 |
| 6 Month Average | 43.439 % | £314,931 | £1,039,931 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £407,347 | £400,000 | 37 SYMONDS ROAD |
| 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 |
This house has a floor area of 154 sq meters or 1,657 sq feet when measured on 26 Jun 2015. Using an estimated price of £1,027,617 means this house is valued at £6,672 per sq meter (£619 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 | 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 |
| Aug 2024 | Shoplifting | Under investigation | On or near Firs Close |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Firs Close |
| Aug 2024 | Shoplifting | Awaiting court outcome | On or near Firs Close |