£899,099
This estimated value is based upon the latest sale price for the house of £800,000 on 11 Aug 2021. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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41 Hermitage Road, Hitchin, SG5 1BY
Phone: 01462228017
| Price Paid | Date |
|---|---|
| £800,000 | 11 Aug 2021 |
| Freehold |
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 August 2021 the House Price Index for HERTFORDSHIRE was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £800,000 results in an estimated price of approximately £899,099.
| 11 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £800,000 | £99,099 | £899,099 |
The Postcode Pricing Model uses changes in average sales price within the SG4 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 | 200.615 % | £1,604,923 | £2,404,923 |
| 3 Month Average | 11.784 % | £94,274 | £894,274 |
| 6 Month Average | 12.249 % | £97,991 | £897,991 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £726,440 | £708,000 | 48 OAKFIELD AVENUE |
| 30 Jun 2023 | £421,446 | £413,000 | 37 NINESPRINGS WAY |
| 17 Mar 2023 | £513,577 | £505,000 | 33 NINESPRINGS WAY |
| 23 Jan 2023 | £466,246 | £465,000 | 4 ASTON RISE |
| 10 Oct 2022 | £149,501 | £150,000 | 43A NINESPRINGS WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oakfield Avenue |
| Jul 2024 | Vehicle crime | Under investigation | On or near Ninesprings Way |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ninesprings Way |
| Jun 2024 | Other theft | Under investigation | On or near Ninesprings Way |
| May 2024 | Other crime | Under investigation | On or near Ninesprings Way |