£291,615
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
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 |
|---|---|
| £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 May 2024 is 149.7 which is a change of 210.229%.Applying this 210.229% change to the original purchase price of £94,000 results in an estimated price of approximately £291,615.
| 15 Feb 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 149.7 | 210.229 % | £94,000 | £197,615 | £291,615 |
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 | 307.420 % | £288,974 | £382,974 |
| 3 Month Average | 243.105 % | £228,519 | £322,519 |
| 6 Month Average | 242.787 % | £228,220 | £322,220 |
| 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 55 sq meters or 592 sq feet when measured on 10 Jul 2018. Using an estimated price of £291,615 means this house is valued at £5,302 per sq meter (£492 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 |