£481,286
This estimated value is based upon the latest sale price for the house of £280,000 on 6 Jan 2012. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Orion House, Bessemer Road, Welwyn Garden City, AL7 1HH
Phone: 01707684986
Price Paid | Date |
---|---|
£280,000 | 6 Jan 2012 |
£243,000 | 6 Dec 2006 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,069 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 2012 the House Price Index for HERTFORDSHIRE was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.888%.Applying this 71.888% change to the original purchase price of £280,000 results in an estimated price of approximately £481,286.
6 Jan 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.5 | 148.6 | 71.888 % | £280,000 | £201,286 | £481,286 |
The Postcode Pricing Model uses changes in average sales price within the AL7 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 | 57.843 % | £161,960 | £441,960 |
3 Month Average | 66.126 % | £185,151 | £465,151 |
6 Month Average | 69.590 % | £194,852 | £474,852 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Apr 2023 | £545,878 | £540,000 | 57 HOLLYBUSH LANE |
6 Jan 2023 | £547,421 | £550,000 | 3 RAYMONDS CLOSE |
21 Oct 2022 | £284,932 | £288,000 | 24 SIR JOHN NEWSOM WAY |
29 Jul 2022 | £263,209 | £262,500 | 26 SIR JOHN NEWSOM WAY |
22 Jul 2022 | £240,648 | £240,000 | 36 SIR JOHN NEWSOM WAY |
This house has a floor area of 99 sq meters or 1,069 sq feet when measured on 1 Jun 2011. Using an estimated price of £481,286 means this house is valued at £4,843 per sq meter (£450 per sq foot).
The average size of a house on GREAT LEY is 108 sq meters (1,171 sq feet).