£3,136,436
This estimated value is based upon the latest sale price for the house of £2,297,500 on 4 Feb 2016. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £2,297,500 | 4 Feb 2016 |
| £2,165,220 | 12 Feb 2015 |
| Detached |
| Freehold |
| Floor Area: 427 sq meters or 4,596 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 February 2016 the House Price Index for HERTFORDSHIRE was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £2,297,500 results in an estimated price of approximately £3,136,436.
| 4 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.6 | 36.515 % | £2,297,500 | £838,936 | £3,136,436 |
The Postcode Pricing Model uses changes in average sales price within the WD7 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 | 145.218 % | £3,336,378 | £5,633,878 |
| 3 Month Average | 120.797 % | £2,775,318 | £5,072,818 |
| 6 Month Average | 11.639 % | £267,410 | £2,564,910 |