£668,824
This estimated value is based upon the latest sale price for the house of £141,000 on 29 May 1998. 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 |
---|---|
£141,000 | 29 May 1998 |
£114,950 | 22 Jan 1995 |
Detached |
Freehold |
Floor Area: 86 sq meters or 932 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 May 1998 the House Price Index for HERTFORDSHIRE was 31.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 374.343%.Applying this 374.343% change to the original purchase price of £141,000 results in an estimated price of approximately £668,824.
29 May 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.6 | 149.7 | 374.343 % | £141,000 | £527,824 | £668,824 |
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 | 252.204 % | £355,607 | £496,607 |
3 Month Average | 337.134 % | £475,359 | £616,359 |
6 Month Average | 378.402 % | £533,547 | £674,547 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Dec 2023 | £588,070 | £570,000 | 14 KENILWORTH CLOSE |
6 Sep 2023 | £491,842 | £481,000 | 4 SHERBOURNE CLOSE |
18 Aug 2023 | £366,612 | £360,000 | 14 MORPETH CLOSE |
13 Jan 2023 | £471,259 | £470,000 | 1 KENILWORTH CLOSE |
31 Oct 2022 | £363,785 | £365,000 | 17 MORPETH CLOSE |
This house has a floor area of 86 sq meters or 932 sq feet when measured on 16 Sep 2009. Using an estimated price of £668,824 means this house is valued at £7,723 per sq meter (£717 per sq foot).
The average size of a house on KENILWORTH CLOSE is 117 sq meters (1,264 sq feet).