£1,014,928
This estimated value is based upon the latest sale price for the house of £178,000 on 15 Aug 1995. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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9 Arena Parade, Letchworth, SG6 3BY
Phone: 01462228759
| Price Paid | Date |
|---|---|
| £178,000 | 15 Aug 1995 |
| 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 August 1995 the House Price Index for HERTFORDSHIRE was 26.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 470.185%.Applying this 470.185% change to the original purchase price of £178,000 results in an estimated price of approximately £1,014,928.
| 15 Aug 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.1 | 148.6 | 470.185 % | £178,000 | £836,928 | £1,014,928 |
The Postcode Pricing Model uses changes in average sales price within the SG6 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 | 460.659 % | £819,972 | £997,972 |
| 3 Month Average | 572.852 % | £1,019,676 | £1,197,676 |
| 6 Month Average | 498.959 % | £888,147 | £1,066,147 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £888,149 | £875,000 | 3 FIELD LANE |
| 3 Nov 2023 | £692,756 | £682,500 | 26 FIELD LANE |
| 30 Aug 2023 | £721,310 | £715,000 | 95 PIXMORE WAY |
| 14 Jul 2023 | £1,520,464 | £1,500,000 | 68 BROADWAY |
| 29 Jul 2022 | £586,579 | £585,000 | 19 SOUBERIE AVENUE |