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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £190,000 on 7 Mar 2008. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE1

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Transactions for this house
Price PaidDate
£190,0007 Mar 2008
£130,0002 Feb 2007
£56,00014 May 1999
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 March 2008 the House Price Index for HERTFORDSHIRE was 82.5.

The House Price Index as of 1 Dec 2019 is 126.3 which is a change of 53.124%.

Applying this 53.124% change to the original purchase price of £190,000 gives us an estimated price now of around £290,934.

7 Mar 2008 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
82.5 126.3 53.124 % £190,000 £100,934 £290,934

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 227.037 % £431,370 £621,370
3 Month Average 57.409 % £109,077 £299,077
6 Month Average 62.703 % £119,135 £309,135

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

In March 2008 the average sale price for the 50 nearest sales within three miles of 42 THE NOKE was £174,862.

In September 2020 the average sale price for the 4 nearest sales was £394,789. This is a change of 125.772%.

So taking the original purchase price of £190,000 and adjusting it by 125.772% gives an estimated price of £428,967.

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

Average price on 7 Mar 2008 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£174,862 £394,789 125.772 % £190,000 £238,967 £428,967
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
6 Jun 2019 £253,709 £250,000 3 PEPSAL END
22 Mar 2019 £224,660 £220,000 2A BROOK DRIVE

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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