£662,134
This estimated value is based upon the latest sale price for the house of £420,000 on 10 May 2007. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
There has been one burglary within the last year on or near Willian Way
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9 Arena Parade, Letchworth, SG6 3BY
Phone: 01462228759
| Price Paid | Date |
|---|---|
| £420,000 | 10 May 2007 |
| Detached |
| 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 May 2007 the House Price Index for HERTFORDSHIRE was 93.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 57.651%.Applying this 57.651% change to the original purchase price of £420,000 results in an estimated price of approximately £662,134.
| 10 May 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 146.7 | 57.651 % | £420,000 | £242,134 | £662,134 |
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 | 111.744 % | £469,325 | £889,325 |
| 3 Month Average | 63.878 % | £268,286 | £688,286 |
| 6 Month Average | 91.965 % | £386,254 | £806,254 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Willian Way | |
| Feb 2024 | Anti-social behaviour | On or near Willian Way | |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Willian Way |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Cloisters Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newlands |