£1,307,586
This estimated value is based upon the latest sale price for the house of £880,000 on 17 Sep 2014. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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32 Bridge Street, Hitchin, SG5 2DF
Phone: 01462659293
| Price Paid | Date |
|---|---|
| £880,000 | 17 Sep 2014 |
| Detached |
| Freehold |
| Floor Area: 223 sq meters or 2,400 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 September 2014 the House Price Index for HERTFORDSHIRE was 98.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 48.589%.Applying this 48.589% change to the original purchase price of £880,000 results in an estimated price of approximately £1,307,586.
| 17 Sep 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 146.7 | 48.589 % | £880,000 | £427,586 | £1,307,586 |
The Postcode Pricing Model uses changes in average sales price within the SG4 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 | 62.533 % | £550,287 | £1,430,287 |
| 3 Month Average | 109.631 % | £964,755 | £1,844,755 |
| 6 Month Average | 69.948 % | £615,542 | £1,495,542 |
This house has a floor area of 223 sq meters or 2,400 sq feet when measured on 27 Sep 2013.
The average size of a house on NEWLANDS LANE is 261 sq meters (2,811 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hitchin Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hitchin Road |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Newlands Close East |
| Dec 2023 | Drugs | Local resolution | On or near Bramshott Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Walk |