£324,068
This estimated value is based upon the latest sale price for the house of £248,000 on 31 Jan 2017. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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8 Market Place, Stevenage, SG1 1DB
Phone: 01438870091
| Price Paid | Date |
|---|---|
| £248,000 | 31 Jan 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 January 2017 the House Price Index for HERTFORDSHIRE was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £248,000 results in an estimated price of approximately £324,068.
| 31 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £248,000 | £76,068 | £324,068 |
The Postcode Pricing Model uses changes in average sales price within the SG1 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 | -26.404 % | £-65,481 | £182,518 |
| 3 Month Average | 4.327 % | £10,730 | £258,730 |
| 6 Month Average | 15.174 % | £37,632 | £285,632 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £329,884 | £325,000 | 79 PENN ROAD |
| 14 Sep 2023 | £192,461 | £190,000 | 119 PENN ROAD |
| 8 Apr 2022 | £200,811 | £195,000 | 7 EASTGATE |
| 6 Apr 2022 | £284,225 | £276,000 | 26 PENN ROAD |
| 1 Apr 2021 | £197,606 | £175,000 | 20 MARKET PLACE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 1 Sep 2016. Using an estimated price of £324,069 means this house is valued at £4,836 per sq meter (£449 per sq foot).
The average size of a house on SOUTHGATE is 65 sq meters (708 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |