£247,545
This estimated value is based upon the latest sale price for the house of £205,000 on 26 May 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 |
|---|---|
| £205,000 | 26 May 2020 |
| £125,000 | 1 Mar 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 May 2020 the House Price Index for HERTFORDSHIRE was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.754%.Applying this 20.754% change to the original purchase price of £205,000 results in an estimated price of approximately £247,545.
| 26 May 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.754 % | £205,000 | £42,545 | £247,545 |
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 | -16.512 % | £-33,850 | £171,149 |
| 3 Month Average | 27.537 % | £56,451 | £261,451 |
| 6 Month Average | 11.931 % | £24,458 | £229,458 |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 5 Apr 2019.
The average size of a house on WATER LANE is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Nun'S Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Nun'S Close |
| Mar 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Old Park Road |
| Mar 2024 | Shoplifting | Under investigation | On or near Crabbes Close |