£380,770
This estimated value is based upon the latest sale price for the house of £305,000 on 31 Jul 2018. 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 |
|---|---|
| £305,000 | 31 Jul 2018 |
| £219,995 | 17 Dec 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 July 2018 the House Price Index for HERTFORDSHIRE was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £305,000 results in an estimated price of approximately £380,770.
| 31 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £305,000 | £75,770 | £380,770 |
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 | 88.735 % | £270,642 | £575,642 |
| 3 Month Average | 19.933 % | £60,794 | £365,794 |
| 6 Month Average | 17.028 % | £51,935 | £356,935 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Sep 2024 | £590,000 | £590,000 | 83 WELLINGHAM AVENUE |
| 22 Sep 2023 | £679,990 | £665,000 | 3 DEACONS WAY |
| 6 Jun 2023 | £545,941 | £535,000 | 107 WELLINGHAM AVENUE |
| 3 Mar 2023 | £327,469 | £322,000 | 35 MILESTONE ROAD |
| 16 Aug 2022 | £512,396 | £510,000 | 140 BEDFORD ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 25 Jun 2013. Using an estimated price of £380,771 means this house is valued at £5,949 per sq meter (£552 per sq foot).
The average size of a house on BEDFORD ROAD is 73 sq meters (786 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Milestone Road |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Milestone Road |