£665,073
This estimated value is based upon the latest sale price for the house of £450,000 on 3 Feb 2015. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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45 Marlowes, Hemel Hempstead, HP1 1LD
Phone: 01442894112
| Price Paid | Date |
|---|---|
| £450,000 | 3 Feb 2015 |
| £250,000 | 6 Oct 2010 |
| £249,950 | 30 Sep 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 134 sq meters or 1,442 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 February 2015 the House Price Index for HERTFORDSHIRE was 100.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.794%.Applying this 47.794% change to the original purchase price of £450,000 results in an estimated price of approximately £665,073.
| 3 Feb 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 148.6 | 47.794 % | £450,000 | £215,073 | £665,073 |
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 | 4.931 % | £22,191 | £472,191 |
| 3 Month Average | 79.547 % | £357,960 | £807,960 |
| 6 Month Average | 50.442 % | £226,990 | £676,990 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £225,029 | £222,000 | FLAT 4 60 ALEXANDRA ROAD |
| 27 Jun 2022 | £545,712 | £538,000 | 53 ALEXANDRA ROAD |
| 11 Mar 2022 | £207,252 | £200,000 | 106 MOSAIC HOUSE MIDLAND ROAD |
| 15 Feb 2022 | £281,050 | £268,000 | 128 MOSAIC HOUSE MIDLAND ROAD |
| 29 Mar 2021 | £222,622 | £200,000 | 78 MOSAIC HOUSE MIDLAND ROAD |
This house has a floor area of 134 sq meters or 1,442 sq feet when measured on 9 Oct 2014. Using an estimated price of £665,074 means this house is valued at £4,963 per sq meter (£461 per sq foot).
The average size of a house on FERNVILLE LANE is 153 sq meters (1,650 sq feet).