£703,536
This estimated value is based upon the latest sale price for the house of £415,000 on 17 Sep 2010. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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9 Arena Parade, Letchworth, SG6 3BY
Phone: 01462228759
| Price Paid | Date |
|---|---|
| £415,000 | 17 Sep 2010 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,425 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 September 2010 the House Price Index for HERTFORDSHIRE was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.527%.Applying this 69.527% change to the original purchase price of £415,000 results in an estimated price of approximately £703,536.
| 17 Sep 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.527 % | £415,000 | £288,536 | £703,536 |
The Postcode Pricing Model uses changes in average sales price within the SG6 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 | 85.643 % | £355,419 | £770,419 |
| 3 Month Average | 102.903 % | £427,046 | £842,046 |
| 6 Month Average | 92.821 % | £385,208 | £800,208 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £888,149 | £875,000 | 3 FIELD LANE |
| 3 Nov 2023 | £692,756 | £682,500 | 26 FIELD LANE |
| 14 Jul 2023 | £1,520,464 | £1,500,000 | 68 BROADWAY |
| 29 Jul 2022 | £586,579 | £585,000 | 19 SOUBERIE AVENUE |
| 29 Jun 2022 | £943,331 | £930,000 | 7 SOUTH VIEW |
This house has a floor area of 132 sq meters or 1,425 sq feet when measured on 16 Mar 2010. Using an estimated price of £703,537 means this house is valued at £5,313 per sq meter (£493 per sq foot).
The average size of a house on SOUBERIE AVENUE is 127 sq meters (1,377 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Gorst Close | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Gorst Close |