£312,943
This estimated value is based upon the latest sale price for the house of £305,000 on 2 Nov 2023. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Howard Park Corner, Letchworth Garden City, SG6 1PQ
Phone: 01462228746
Price Paid | Date |
---|---|
£305,000 | 2 Nov 2023 |
£167,500 | 27 Jul 2012 |
£136,000 | 26 Mar 2004 |
£48,995 | 24 Mar 1995 |
Terraced |
Freehold |
Floor Area: 55 sq meters or 599 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 2023 the House Price Index for HERTFORDSHIRE was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £305,000 results in an estimated price of approximately £312,943.
2 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.9 | 149.7 | 2.605 % | £305,000 | £7,943 | £312,943 |
The Postcode Pricing Model uses changes in average sales price within the SG7 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 | 11.340 % | £34,588 | £339,588 |
3 Month Average | -10.756 % | £-32,804 | £272,195 |
6 Month Average | -14.042 % | £-42,828 | £262,171 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Nov 2023 | £312,944 | £305,000 | 36 MERCIA ROAD |
4 Oct 2023 | £347,902 | £340,000 | 57 MERCIA ROAD |
20 Sep 2023 | £342,551 | £335,000 | 16 WYNN CLOSE |
31 Aug 2023 | £366,612 | £360,000 | 64 MERCIA ROAD |
31 Aug 2023 | £488,816 | £480,000 | 63 MERCIA ROAD |
This house has a floor area of 55 sq meters or 599 sq feet when measured on 16 Mar 2012. Using an estimated price of £312,944 means this house is valued at £5,622 per sq meter (£522 per sq foot).
The average size of a house on MERCIA ROAD is 72 sq meters (775 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Mercia Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Westell Close |
Apr 2024 | Anti-social behaviour | On or near Wynn Close | |
Apr 2024 | Anti-social behaviour | On or near Wynn Close | |
Apr 2024 | Anti-social behaviour | On or near Wynn Close |