£254,000
This estimated value is based upon the latest sale price for the house of £200,000 on 30 Nov 2017. 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 |
|---|---|
| £200,000 | 30 Nov 2017 |
| £118,500 | 21 Oct 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 41 sq meters or 441 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 November 2017 the House Price Index for HERTFORDSHIRE was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £200,000 results in an estimated price of approximately £254,000.
| 30 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £200,000 | £54,000 | £254,000 |
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 | 75.554 % | £151,107 | £351,107 |
| 3 Month Average | 20.119 % | £40,237 | £240,237 |
| 6 Month Average | 15.206 % | £30,412 | £230,412 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 May 2024 | £127,950 | £127,950 | FLAT 27 MAPLES COURT BEDFORD ROAD |
| 10 Apr 2024 | £136,183 | £135,000 | FLAT 58 MAPLES COURT BEDFORD ROAD |
| 8 Dec 2023 | £371,413 | £360,000 | 40 OLD PARK ROAD |
| 4 Dec 2023 | £582,912 | £565,000 | 61 OLD PARK ROAD |
| 11 Aug 2023 | £142,571 | £140,000 | FLAT 43 MAPLES COURT BEDFORD ROAD |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 1 Jul 2014. Using an estimated price of £254,000 means this house is valued at £6,195 per sq meter (£575 per sq foot).
The average size of a house on BEDFORD ROAD is 73 sq meters (787 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Crabbes Close |
| Sep 2024 | Shoplifting | Under investigation | On or near Crabbes Close |
| Sep 2024 | Robbery | Under investigation | On or near Crabbes Close |
| Sep 2024 | Shoplifting | Under investigation | On or near Crabbes Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Crabbes Close |