£583,249
This estimated value is based upon the latest sale price for the house of £295,000 on 20 Jun 2004. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Suite 4, Building 4, Hatters Lane, Watford, WD18 8YF
Phone: 01322584475
| Price Paid | Date |
|---|---|
| £295,000 | 20 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 June 2004 the House Price Index for HERTFORDSHIRE was 75.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 97.712%.Applying this 97.712% change to the original purchase price of £295,000 results in an estimated price of approximately £583,249.
| 20 Jun 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 148.6 | 97.712 % | £295,000 | £288,249 | £583,249 |
The Postcode Pricing Model uses changes in average sales price within the WD18 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 | 134.070 % | £395,507 | £690,507 |
| 3 Month Average | 115.263 % | £340,025 | £635,025 |
| 6 Month Average | 89.572 % | £264,238 | £559,238 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £303,307 | £298,000 | FLAT 27 533 WHIPPENDELL ROAD |
| 24 Nov 2023 | £304,508 | £300,000 | FLAT 36 533 WHIPPENDELL ROAD |
| 29 Sep 2023 | £252,225 | £249,000 | FLAT 16 533 WHIPPENDELL ROAD |
| 3 Aug 2023 | £324,842 | £322,000 | FLAT 40 OMEGA COURT THE GATEWAY |
| 17 Apr 2023 | £257,776 | £255,000 | FLAT 45 OMEGA COURT THE GATEWAY |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 7 Apr 2020. Using an estimated price of £583,250 means this house is valued at £5,254 per sq meter (£488 per sq foot).
The average size of a house on THE GATEWAY is 79 sq meters (857 sq feet).