£571,196
This estimated value is based upon the latest sale price for the house of £467,500 on 12 Dec 2019. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Market Place, St Albans, AL3 5DR
Phone: 01727294789
Price Paid | Date |
---|---|
£467,500 | 12 Dec 2019 |
£155,000 | 7 Sep 2001 |
Terraced |
Freehold |
Floor Area: 55 sq meters or 592 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 December 2019 the House Price Index for HERTFORDSHIRE was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.181%.Applying this 22.181% change to the original purchase price of £467,500 results in an estimated price of approximately £571,196.
12 Dec 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.0 | 22.181 % | £467,500 | £103,696 | £571,196 |
The Postcode Pricing Model uses changes in average sales price within the AL3 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 | -25.946 % | £-121,295 | £346,204 |
3 Month Average | -6.254 % | £-29,235 | £438,264 |
6 Month Average | 8.733 % | £40,827 | £508,327 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £830,716 | £815,000 | 21 VERULAM ROAD |
9 Nov 2023 | £324,162 | £320,000 | FLAT 2 ABBEY CHAMBERS, 11 - 13 VERULAM ROAD |
3 Jul 2023 | £1,083,752 | £1,073,500 | 7 SELBY AVENUE |
13 Jun 2023 | £453,678 | £450,000 | 22 SPENCER STREET |
3 May 2022 | £497,394 | £490,000 | FLAT 2 15 VERULAM ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 17 Jun 2013. Using an estimated price of £571,197 means this house is valued at £10,385 per sq meter (£964 per sq foot).
The average size of a house on SPENCER STREET is 77 sq meters (833 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Shoplifting | Awaiting court outcome | On or near Spencer Street |
Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Spencer Street |
Apr 2024 | Shoplifting | Under investigation | On or near Spencer Street |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Spencer Street |
Apr 2024 | Shoplifting | Under investigation | On or near Spencer Street |