£855,046
This estimated value is based upon the latest sale price for the house of £745,000 on 16 Dec 2020. 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 |
---|---|
£745,000 | 16 Dec 2020 |
£280,000 | 19 Aug 2002 |
£188,000 | 9 Dec 1998 |
Detached |
Freehold |
Floor Area: 189 sq meters or 2,034 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 2020 the House Price Index for HERTFORDSHIRE was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £745,000 results in an estimated price of approximately £855,046.
16 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 148.6 | 14.771 % | £745,000 | £110,046 | £855,046 |
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 | -8.710 % | £-64,886 | £680,113 |
3 Month Average | 7.126 % | £53,088 | £798,088 |
6 Month Average | 3.226 % | £24,031 | £769,031 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Sep 2023 | £620,433 | £612,500 | 10 WHITETHORN LANE |
17 Mar 2023 | £782,371 | £775,000 | 1 WHITETHORN LANE |
1 Mar 2023 | £383,614 | £380,000 | 138 HOWARD DRIVE |
26 Jan 2023 | £766,390 | £770,000 | 8 WOOLSTON AVENUE |
31 Mar 2022 | £155,430 | £149,991 | 158 HOWARD DRIVE |
This house has a floor area of 189 sq meters or 2,034 sq feet when measured on 29 Nov 2013. Using an estimated price of £855,046 means this house is valued at £4,524 per sq meter (£420 per sq foot).
The average size of a house on NEWLANDS is 146 sq meters (1,581 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newlands |
Feb 2024 | Anti-social behaviour | On or near Willian Way | |
Feb 2024 | Anti-social behaviour | On or near Willian Way | |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Brandles Road |
Mar 2024 | Anti-social behaviour | On or near Parking Area |