£623,844
This estimated value is based upon the latest sale price for the house of £470,000 on 29 Nov 2016. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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8 Lamsey Road, Hemel Hempstead, HP3 9HB
Phone: 01442493655
| Price Paid | Date |
|---|---|
| £470,000 | 29 Nov 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 November 2016 the House Price Index for HERTFORDSHIRE was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £470,000 results in an estimated price of approximately £623,844.
| 29 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £470,000 | £153,844 | £623,844 |
The Postcode Pricing Model uses changes in average sales price within the HP3 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 | 54.846 % | £257,774 | £727,774 |
| 3 Month Average | 10.625 % | £49,936 | £519,936 |
| 6 Month Average | 16.631 % | £78,165 | £548,165 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £265,861 | £260,000 | 7 NEWELL RISE |
| 10 Aug 2023 | £341,153 | £335,000 | 21A RISEDALE ROAD |
| 30 Jun 2023 | £408,180 | £400,000 | 21 RISEDALE ROAD |
| 28 Oct 2022 | £772,420 | £775,000 | 43 RISEDALE ROAD |
| 2 Sep 2022 | £555,629 | £556,000 | 44 RISEDALE ROAD |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 19 Apr 2016. Using an estimated price of £623,845 means this house is valued at £4,836 per sq meter (£449 per sq foot).
The average size of a house on WELLEN RISE is 152 sq meters (1,640 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Wellen Rise |
| Jul 2024 | Vehicle crime | Under investigation | On or near Wellen Rise |
| Jul 2024 | Vehicle crime | Under investigation | On or near Belmont Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Belmont Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Belmont Road |