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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £280,000 on 19 May 2017. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE1

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Transactions for this house
Price PaidDate
£280,00019 May 2017
£130,00031 May 2011
£55,0009 Apr 1997
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 May 2017 the House Price Index for HERTFORDSHIRE was 124.3.

The House Price Index as of 1 Dec 2019 is 126.3 which is a change of 1.559%.

Applying this 1.559% change to the original purchase price of £280,000 gives us an estimated price now of around £284,364.

19 May 2017 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
124.3 126.3 1.559 % £280,000 £4,364 £284,364

The Postcode Pricing Model uses changes in average sales price within the SG2 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 89.539 % £250,708 £530,708
3 Month Average 4.484 % £12,554 £292,554
6 Month Average 10.829 % £30,321 £310,321

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

In May 2017 the average sale price for the 50 nearest sales within two miles of 37 THE NOKE was £279,923.

In September 2020 the average sale price for the 4 nearest sales was £394,789. This is a change of 41.035%.

So taking the original purchase price of £280,000 and adjusting it by 41.035% gives an estimated price of £394,898.

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

Average price on 19 May 2017 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£279,923 £394,789 41.035 % £280,000 £114,898 £394,898
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
6 Nov 2019 £79,207 £78,750 26 NOKESIDE
13 Aug 2019 £275,559 £272,000 1 BURYDALE
28 Jun 2019 £295,318 £291,000 42 ELBOW LANE
7 Jun 2019 £251,680 £248,000 18 BROOK DRIVE
6 Jun 2019 £253,709 £250,000 3 PEPSAL END

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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