£362,991
This estimated value is based upon the latest sale price for the house of £296,000 on 4 Oct 2019. 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 |
|---|---|
| £296,000 | 4 Oct 2019 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2019 the House Price Index for HERTFORDSHIRE was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £296,000 results in an estimated price of approximately £362,991.
| 4 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £296,000 | £66,991 | £362,991 |
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 | -27.377 % | £-81,035 | £214,964 |
| 3 Month Average | 11.060 % | £32,736 | £328,736 |
| 6 Month Average | 9.333 % | £27,626 | £323,626 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £205,123 | £202,500 | FLAT 3 14 HITCHIN STREET |
| 16 Feb 2023 | £294,802 | £295,000 | 5 CAMBRIDGE HOUSE, 16 HITCHIN STREET |
| 22 Jul 2022 | £300,810 | £300,000 | 4 HITCHIN STREET |
| 29 Jun 2022 | £426,021 | £420,000 | 21 THE GARDENS |
| 29 Jun 2022 | £294,157 | £290,000 | 8 CAMBRIDGE HOUSE, 16 HITCHIN STREET |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 12 May 2014. Using an estimated price of £362,992 means this house is valued at £4,426 per sq meter (£411 per sq foot).
The average size of a house on THE GARDENS is 79 sq meters (851 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Old Musgrove Maltings |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Old Musgrove Maltings |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Old Musgrove Maltings |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Old Musgrove Maltings |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Old Musgrove Maltings |