£423,298
This estimated value is based upon the latest sale price for the house of £343,500 on 26 Oct 2018. 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 |
|---|---|
| £343,500 | 26 Oct 2018 |
| £65,000 | 5 May 1995 |
| Terraced |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 October 2018 the House Price Index for HERTFORDSHIRE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £343,500 results in an estimated price of approximately £423,298.
| 26 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £343,500 | £79,798 | £423,298 |
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 | 17.837 % | £61,269 | £404,769 |
| 3 Month Average | 24.128 % | £82,880 | £426,380 |
| 6 Month Average | 6.210 % | £21,330 | £364,830 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £345,000 | £345,000 | 57 ST ALBANS HILL |
| 25 Jul 2023 | £304,093 | £300,000 | 8 WELLINGTON COURT ST ALBANS HILL |
| 24 Mar 2023 | £393,709 | £390,000 | 12 WHEELERS LANE |
| 17 Jan 2023 | £374,237 | £376,000 | 12 JARMAN CLOSE |
| 11 Nov 2022 | £330,991 | £335,000 | 71 ST ALBANS HILL |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 13 May 2016. Using an estimated price of £423,298 means this house is valued at £3,617 per sq meter (£336 per sq foot).
The average size of a house on WHEELERS LANE is 134 sq meters (1,448 sq feet).
This house is the largest in the street with a floor area of 117 sq meters (1,259 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Wheelers Lane | |
| Mar 2024 | Anti-social behaviour | On or near Wheelers Lane | |
| Jan 2024 | Anti-social behaviour | On or near Wheelers Lane | |
| Jan 2024 | Anti-social behaviour | On or near Wheelers Lane | |
| Jan 2024 | Anti-social behaviour | On or near Wheelers Lane |