£270,373
This estimated value is based upon the latest sale price for the house of £125,250 on 30 Jan 2004. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
There has been one burglary within the last year on or near Bedford Road
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7 Paynes Park, Hitchin, SG5 1EH
Phone: 01462228482
| Price Paid | Date |
|---|---|
| £125,250 | 30 Jan 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 609 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 January 2004 the House Price Index for HERTFORDSHIRE was 69.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 115.867%.Applying this 115.867% change to the original purchase price of £125,250 results in an estimated price of approximately £270,373.
| 30 Jan 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 149.7 | 115.867 % | £125,250 | £145,123 | £270,373 |
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 | 154.957 % | £194,083 | £319,333 |
| 3 Month Average | 127.495 % | £159,686 | £284,936 |
| 6 Month Average | 135.139 % | £169,261 | £294,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £207,774 | £202,500 | FLAT 8 CHESTNUT COURT BEDFORD ROAD |
| 24 Nov 2023 | £410,418 | £400,000 | 103 SYMONDS ROAD |
| 20 Nov 2023 | £256,511 | £250,000 | FLAT 12 CHESTNUT COURT BEDFORD ROAD |
| 25 Aug 2023 | £407,347 | £400,000 | 37 SYMONDS ROAD |
| 21 Aug 2023 | £524,459 | £515,000 | 67 SYMONDS ROAD |
This house has a floor area of 56 sq meters or 609 sq feet when measured on 30 Oct 2008. Using an estimated price of £270,374 means this house is valued at £4,776 per sq meter (£443 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 | Burglary | Under investigation | On or near Bedford Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Symonds Road |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Firs Close |
| Aug 2024 | Shoplifting | Under investigation | On or near Firs Close |
| Aug 2024 | Shoplifting | Awaiting court outcome | On or near Firs Close |