£388,675
This estimated value is based upon the latest sale price for the house of £269,950 on 3 Aug 2015. 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 |
---|---|
£269,950 | 3 Aug 2015 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 602 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 August 2015 the House Price Index for HERTFORDSHIRE was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £269,950 results in an estimated price of approximately £388,675.
3 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.0 | 149.7 | 43.981 % | £269,950 | £118,725 | £388,675 |
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 | 41.636 % | £112,396 | £382,346 |
3 Month Average | 36.952 % | £99,753 | £369,703 |
6 Month Average | 37.286 % | £100,653 | £370,603 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Apr 2024 | £358,110 | £355,000 | APARTMENT 17 PARK HOUSE OLD PARK ROAD |
1 Mar 2024 | £324,993 | £320,000 | APARTMENT 9 PARK HOUSE OLD PARK ROAD |
5 Dec 2023 | £443,838 | £430,200 | APARTMENT 12 PARK HOUSE OLD PARK ROAD |
4 Dec 2023 | £582,912 | £565,000 | 61 OLD PARK ROAD |
6 Oct 2023 | £409,296 | £400,000 | APARTMENT 54 PARK HOUSE OLD PARK ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 19 May 2015. Using an estimated price of £388,676 means this house is valued at £6,940 per sq meter (£644 per sq foot).
The average size of a house on OLD PARK ROAD is 63 sq meters (686 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Sep 2024 | Violence and sexual offences | Under investigation | On or near Old Park Road |
Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Old Park Road |
Sep 2024 | Violence and sexual offences | Offender given a caution | On or near Old Park Road |
Sep 2024 | Shoplifting | Under investigation | On or near Crabbes Close |
Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Crabbes Close |