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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £595,000 on 4 Sep 1997. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE1

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Transactions for this house
Price PaidDate
£595,0004 Sep 1997
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 September 1997 the House Price Index for HERTFORDSHIRE was 28.0.

The House Price Index as of 1 Jun 2019 is 124.8 which is a change of 346.106%.

Applying this 346.106% change to the original purchase price of £595,000 gives us an estimated price now of around £2,654,329.

4 Sep 1997 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
28.0 124.8 346.106 % £595,000 £2,059,329 £2,654,329

The Postcode Pricing Model uses changes in average sales price within the WD3 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 321.896 % £1,915,280 £2,510,280
3 Month Average 349.508 % £2,079,575 £2,674,575
6 Month Average 323.573 % £1,925,260 £2,520,260

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

In September 1997 the average sale price for the 50 nearest sales within three miles of 8 SANDY LODGE ROAD was £127,752.

In October 2019 the average sale price for the 50 nearest sales was £455,453. This is a change of 256.514%.

So taking the original purchase price of £595,000 and adjusting it by 256.514% gives an estimated price of £2,121,258.

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

Average price on 4 Sep 1997 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£127,752 £455,453 256.514 % £595,000 £1,526,258 £2,121,258
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
15 Mar 2019 £404,648 £402,500 UNIT 25 OLDS CLOSE
18 Jan 2019 £185,838 £185,000 UNIT 27 PEERGLOW INDUSTRIAL ESTATE
24 Oct 2018 £1,621,719 £1,650,000 3A WOLSEY ROAD
27 Jul 2018 £1,359,145 £1,370,000 23 WOLSEY ROAD
20 Jul 2018 £1,438,511 £1,450,000 8 WOLSEY ROAD

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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