£285,771
This estimated value is based upon the latest sale price for the house of £94,000 on 15 Feb 2002. 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 |
|---|---|
| £94,000 | 15 Feb 2002 |
| £63,000 | 11 Dec 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 February 2002 the House Price Index for HERTFORDSHIRE was 48.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 204.012%.Applying this 204.012% change to the original purchase price of £94,000 results in an estimated price of approximately £285,771.
| 15 Feb 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 146.7 | 204.012 % | £94,000 | £191,771 | £285,771 |
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 | 286.537 % | £269,344 | £363,344 |
| 3 Month Average | 246.640 % | £231,841 | £325,841 |
| 6 Month Average | 245.003 % | £230,302 | £324,302 |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 10 Jul 2018.
The average size of a house on BEDFORD ROAD is 73 sq meters (787 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chestnut Court |
| Jan 2024 | Possession of weapons | Offender given a caution | On or near Symonds Road |
| Mar 2024 | Other theft | Under investigation | On or near Firs Close |
| Mar 2024 | Anti-social behaviour | On or near Firs Close | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Firs Close |