£726,607
This estimated value is based upon the latest sale price for the house of £525,000 on 17 Dec 2015. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Howard Park Corner, Letchworth Garden City, SG6 1PQ
Phone: 01462228746
| Price Paid | Date |
|---|---|
| £525,000 | 17 Dec 2015 |
| Detached |
| Freehold |
| Floor Area: 143 sq meters or 1,539 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 December 2015 the House Price Index for HERTFORDSHIRE was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £525,000 results in an estimated price of approximately £726,607.
| 17 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £525,000 | £201,607 | £726,607 |
The Postcode Pricing Model uses changes in average sales price within the SG7 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 | 4.439 % | £23,306 | £548,306 |
| 3 Month Average | 35.863 % | £188,279 | £713,279 |
| 6 Month Average | 26.435 % | £138,781 | £663,781 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £506,821 | £500,000 | 1 ARWOOD MEWS |
| 21 Jul 2023 | £456,139 | £450,000 | 71A HIGH STREET |
| 17 Mar 2023 | £105,999 | £105,000 | 4 ELMWOOD COURT HIGH STREET |
| 28 Feb 2023 | £92,937 | £93,000 | 30 ELMWOOD COURT HIGH STREET |
| 29 Jul 2022 | £300,810 | £300,000 | 9 PINNOCKS LANE |
This house has a floor area of 143 sq meters or 1,539 sq feet when measured on 12 Jun 2015. Using an estimated price of £726,607 means this house is valued at £5,081 per sq meter (£472 per sq foot).
The average size of a house on ARWOOD MEWS is 170 sq meters (1,836 sq feet).
This house is the largest in the street with a floor area of 143 sq meters (1,539 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Pinnocks Close |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near High Street |