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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £29,240 on 18 Dec 1998. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE1

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Transactions for this house
Price PaidDate
£29,24018 Dec 1998
House Details

House Price Models

Land Registry House Price Index Model

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 December 1998 the House Price Index for HERTFORDSHIRE was 31.8.

The House Price Index as of 1 Dec 2019 is 126.3 which is a change of 296.851%.

Applying this 296.851% change to the original purchase price of £29,240 gives us an estimated price now of around £116,039.

18 Dec 1998 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
31.8 126.3 296.851 % £29,240 £86,799 £116,039

The Postcode Pricing Model uses changes in average sales price within the WD6 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 336.507 % £98,394 £127,634
3 Month Average 320.324 % £93,662 £122,902
6 Month Average 360.943 % £105,539 £134,779

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In December 1998 the average sale price for the 50 nearest sales within three miles of 1 ROWLEY LANE was £83,506.

In September 2020 the average sale price for the 10 nearest sales was £720,771. This is a change of 763.137%.

So taking the original purchase price of £29,240 and adjusting it by 763.137% gives an estimated price of £252,381.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 18 Dec 1998 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£83,506 £720,771 763.137 % £29,240 £223,141 £252,381
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
11 Dec 2019 £380,000 £380,000 8 GRACE CLOSE
28 Oct 2019 £352,667 £350,000 32 NOVELLO WAY
12 Sep 2019 £478,206 £475,000 14 ALEXANDRA ROAD
19 Jul 2019 £470,759 £465,000 12 ALEXANDRA ROAD
14 Jun 2019 £461,751 £455,000 15 ALEXANDRA ROAD

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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