This estimated value is based upon the latest sale price for the house of £212,000 on 7 Jan 2016. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE1
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|£212,000||7 Jan 2016|
|£165,000||15 Oct 2015|
|£120,450||22 Nov 2002|
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 January 2016 the House Price Index for HERTFORDSHIRE was 114.1.The House Price Index as of 1 Dec 2019 is 126.3 which is a change of 10.661%.
Applying this 10.661% change to the original purchase price of £212,000 gives us an estimated price now of around £234,600.
|7 Jan 2016||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the WD6 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||41.041 %||£87,006||£299,006|
|3 Month Average||6.699 %||£14,200||£226,200|
|6 Month Average||22.643 %||£48,004||£260,004|
|Date||Current Estimated Value||Price Paid||Address|
|2 Aug 2019||£582,523||£575,000||9 WINTHORPE GARDENS|
|21 Jun 2019||£116,706||£115,000||FLAT 9 QUEENS COURT BENNINGTON DRIVE|
|24 May 2019||£461,539||£455,000||11 BENNINGTON DRIVE|
|28 Feb 2019||£257,831||£252,500||11 TORWORTH ROAD|
|2 Nov 2018||£379,665||£380,000||8 WENTBRIDGE PATH|