£381,975
This estimated value is based upon the latest sale price for the house of £279,950 on 27 Apr 2016. 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 |
|---|---|
| £279,950 | 27 Apr 2016 |
| £178,308 | 14 Aug 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 88 sq meters or 947 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 April 2016 the House Price Index for HERTFORDSHIRE was 109.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.444%.Applying this 36.444% change to the original purchase price of £279,950 results in an estimated price of approximately £381,975.
| 27 Apr 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 149.7 | 36.444 % | £279,950 | £102,025 | £381,975 |
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 | 44.373 % | £124,221 | £404,171 |
| 3 Month Average | 39.521 % | £110,637 | £390,587 |
| 6 Month Average | 39.878 % | £111,637 | £391,587 |
| 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 88 sq meters or 947 sq feet when measured on 7 Jul 2015. Using an estimated price of £381,975 means this house is valued at £4,340 per sq meter (£403 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 |