£321,624
This estimated value is based upon the latest sale price for the house of £165,000 on 29 Jul 2004. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Orion House, Bessemer Road, Welwyn Garden City, AL7 1HH
Phone: 01707684986
| Price Paid | Date |
|---|---|
| £165,000 | 29 Jul 2004 |
| £105,000 | 18 Aug 2000 |
| Terraced |
| Freehold |
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 July 2004 the House Price Index for HERTFORDSHIRE was 76.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 94.924%.Applying this 94.924% change to the original purchase price of £165,000 results in an estimated price of approximately £321,624.
| 29 Jul 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 148.6 | 94.924 % | £165,000 | £156,624 | £321,624 |
The Postcode Pricing Model uses changes in average sales price within the AL7 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 | 87.473 % | £144,330 | £309,330 |
| 3 Month Average | 89.355 % | £147,435 | £312,435 |
| 6 Month Average | 91.747 % | £151,383 | £316,383 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £603,624 | £595,500 | 18 COLE GREEN LANE |
| 28 Feb 2023 | £484,674 | £485,000 | 25 SANDPIT ROAD |
| 3 Aug 2022 | £463,752 | £465,000 | 127 MILL GREEN ROAD |
| 21 Jul 2022 | £451,215 | £450,000 | 28 SANDPIT ROAD |
| 29 Apr 2022 | £463,410 | £450,000 | 37 SANDPIT ROAD |