£1,479,603
This estimated value is based upon the latest sale price for the house of £1,427,827 on 9 Mar 2022. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
There has been one burglary within the last year on or near Orchid Drive
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8 Lamsey Road, Hemel Hempstead, HP3 9HB
Phone: 01442493655
| Price Paid | Date |
|---|---|
| £1,427,827 | 9 Mar 2022 |
| Detached |
| Freehold |
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 2022 the House Price Index for HERTFORDSHIRE was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £1,427,827 results in an estimated price of approximately £1,479,603.
| 9 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £1,427,827 | £51,776 | £1,479,603 |
The Postcode Pricing Model uses changes in average sales price within the HP2 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 | 26.588 % | £379,636 | £1,807,463 |
| 3 Month Average | 4.948 % | £70,644 | £1,498,471 |
| 6 Month Average | -2.517 % | £-35,931 | £1,391,895 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £407,123 | £400,000 | 13 MAYNARD ROAD |
| 29 Sep 2023 | £283,626 | £280,000 | FLAT 50 BROOKFIELD HOUSE SELDEN HILL |
| 14 Jun 2023 | £394,782 | £390,000 | 40 ST ALBANS ROAD |
| 31 Mar 2023 | £403,804 | £400,000 | 44 ST ALBANS ROAD |
| 10 Mar 2023 | £186,760 | £185,000 | FLAT 8 NORMANDY HOUSE, 1 WOLSEY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Orchid Drive | |
| Mar 2024 | Burglary | Under investigation | On or near Orchid Drive |
| Jan 2024 | Anti-social behaviour | On or near Orchid Drive | |
| Jan 2024 | Vehicle crime | Under investigation | On or near Orchid Drive |
| Jan 2024 | Anti-social behaviour | On or near Orchid Drive |