£420,759
This estimated value is based upon the latest sale price for the house of £345,000 on 27 Mar 2019. 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 |
|---|---|
| £345,000 | 27 Mar 2019 |
| £157,500 | 26 Sep 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 March 2019 the House Price Index for HERTFORDSHIRE was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £345,000 results in an estimated price of approximately £420,759.
| 27 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £345,000 | £75,759 | £420,759 |
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 | 32.801 % | £113,163 | £458,163 |
| 3 Month Average | 26.250 % | £90,563 | £435,563 |
| 6 Month Average | 23.119 % | £79,760 | £424,760 |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 2 Jun 2014.
The average size of a house on REDHILL ROAD is 82 sq meters (883 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redhill Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Redhill Road |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Redhill Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Redhill Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Redhill Road |