£94,450
This estimated value is based upon the latest sale price for the house of £16,500 on 7 Dec 1995. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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32 Bancroft, Hitchin, SG5 1LA
Phone: 01462228860
| Price Paid | Date |
|---|---|
| £16,500 | 7 Dec 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 38 sq meters or 409 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 1995 the House Price Index for HERTFORDSHIRE was 26.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 472.429%.Applying this 472.429% change to the original purchase price of £16,500 results in an estimated price of approximately £94,450.
| 7 Dec 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 149.7 | 472.429 % | £16,500 | £77,950 | £94,450 |
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 | 722.676 % | £119,241 | £135,741 |
| 3 Month Average | 575.874 % | £95,019 | £111,519 |
| 6 Month Average | 573.928 % | £94,698 | £111,198 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £450,000 | £450,000 | 5 FLORENCE STREET |
| 19 Dec 2023 | £464,266 | £450,000 | 81 GROVE ROAD |
| 13 Dec 2023 | £371,413 | £360,000 | 41 FLORENCE STREET |
| 24 Nov 2023 | £461,720 | £450,000 | 57 GROVE ROAD |
| 26 Oct 2023 | £409,296 | £400,000 | 38 FLORENCE STREET |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 31 Oct 2019. Using an estimated price of £94,451 means this house is valued at £2,485 per sq meter (£230 per sq foot).
The average size of a house on GROVE ROAD is 86 sq meters (934 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Water Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Florence Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Florence Street |
| Oct 2024 | Anti-social behaviour | On or near Florence Street | |
| Sep 2024 | Anti-social behaviour | On or near Florence Street |