£613,161
This estimated value is based upon the latest sale price for the house of £500,000 on 18 Oct 2019. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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2 Station Road, Harpenden, AL5 4SD
Phone: 01582955653
Price Paid | Date |
---|---|
£500,000 | 18 Oct 2019 |
Detached |
Freehold |
Floor Area: 93 sq meters or 1,001 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 October 2019 the House Price Index for HERTFORDSHIRE was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £500,000 results in an estimated price of approximately £613,161.
18 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 148.6 | 22.632 % | £500,000 | £113,161 | £613,161 |
The Postcode Pricing Model uses changes in average sales price within the AL5 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 | 79.008 % | £395,039 | £895,039 |
3 Month Average | -5.749 % | £-28,745 | £471,254 |
6 Month Average | -1.680 % | £-8,399 | £491,600 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Nov 2023 | £561,818 | £553,500 | 50 LOWER LUTON ROAD |
31 Jul 2023 | £892,005 | £880,000 | 53 BATFORD ROAD |
7 Jul 2023 | £506,821 | £500,000 | 11 BATFORD ROAD |
13 Jan 2023 | £542,445 | £545,000 | 5 BATFORD ROAD |
19 Aug 2022 | £678,175 | £680,000 | 84 LOWER LUTON ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 4 Jun 2019. Using an estimated price of £613,162 means this house is valued at £6,593 per sq meter (£612 per sq foot).
The average size of a house on LOWER LUTON ROAD is 87 sq meters (943 sq feet).