£679,963
This estimated value is based upon the latest sale price for the house of £630,000 on 10 Dec 2021. 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 | 10 Dec 2021 |
| £82,500 | 29 Sep 1995 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2021 the House Price Index for HERTFORDSHIRE was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £630,000 results in an estimated price of approximately £679,963.
| 10 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £630,000 | £49,963 | £679,963 |
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 | 41.527 % | £261,617 | £891,617 |
| 3 Month Average | 6.500 % | £40,948 | £670,948 |
| 6 Month Average | 10.442 % | £65,785 | £695,785 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Sep 2024 | £590,000 | £590,000 | 83 WELLINGHAM AVENUE |
| 12 Jul 2024 | £517,500 | £517,500 | 19 WELLINGHAM AVENUE |
| 22 Sep 2023 | £679,990 | £665,000 | 3 DEACONS WAY |
| 6 Jun 2023 | £545,941 | £535,000 | 107 WELLINGHAM AVENUE |
| 22 Jun 2022 | £178,823 | £175,000 | 265 BEDFORD ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 10 Aug 2021. Using an estimated price of £679,964 means this house is valued at £7,157 per sq meter (£664 per sq foot).
The average size of a house on BEDFORD ROAD is 73 sq meters (787 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Castle Court |
| Oct 2024 | Public order | Under investigation | On or near King Georges Close |