£742,822
This estimated value is based upon the latest sale price for the house of £621,000 on 28 Sep 2020. 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 |
|---|---|
| £621,000 | 28 Sep 2020 |
| £581,500 | 30 Apr 2015 |
| £250,000 | 26 Sep 2008 |
| Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 2020 the House Price Index for HERTFORDSHIRE was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £621,000 results in an estimated price of approximately £742,822.
| 28 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £621,000 | £121,822 | £742,822 |
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 | 29.602 % | £183,825 | £804,825 |
| 3 Month Average | 9.568 % | £59,416 | £680,416 |
| 6 Month Average | 9.309 % | £57,808 | £678,808 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £573,816 | £565,000 | 13 THE LIMES |
| 23 Oct 2023 | £793,011 | £775,000 | 5 GRAYS LANE |
| 9 Oct 2023 | £799,406 | £781,250 | 10 WALSH CLOSE |
| 25 Aug 2023 | £560,102 | £550,000 | FLAT 5 42 UPPER TILEHOUSE STREET |
| 9 Jun 2023 | £163,272 | £160,000 | 4 APPLETREES |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 5 Feb 2015. Using an estimated price of £742,822 means this house is valued at £5,502 per sq meter (£511 per sq foot).
The average size of a house on UPPER TILEHOUSE STREET is 142 sq meters (1,534 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Wratten Road West | |
| Sep 2024 | Drugs | Local resolution | On or near The Limes |
| Oct 2024 | Anti-social behaviour | On or near Westfield Close | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wratten Close |
| Aug 2024 | Anti-social behaviour | On or near Wratten Close |