£164,405
This estimated value is based upon the latest sale price for the house of £31,000 on 14 Feb 1997. 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 |
---|---|
£31,000 | 14 Feb 1997 |
£25,000 | 23 May 1996 |
Terraced |
Freehold |
Floor Area: 44 sq meters or 481 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 February 1997 the House Price Index for HERTFORDSHIRE was 28.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 430.342%.Applying this 430.342% change to the original purchase price of £31,000 results in an estimated price of approximately £164,405.
14 Feb 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
28.2 | 149.7 | 430.342 % | £31,000 | £133,405 | £164,405 |
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 | 366.326 % | £113,561 | £144,561 |
3 Month Average | 394.798 % | £122,387 | £153,387 |
6 Month Average | 419.346 % | £129,997 | £160,997 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Aug 2023 | £488,816 | £480,000 | 63 MERCIA ROAD |
31 Aug 2023 | £366,612 | £360,000 | 64 MERCIA ROAD |
2 Aug 2023 | £458,265 | £450,000 | 43 WESTELL CLOSE |
22 Jul 2022 | £353,543 | £350,000 | 26 WESTELL CLOSE |
25 Feb 2022 | £95,081 | £90,000 | 32 WESTELL CLOSE |
This house has a floor area of 44 sq meters or 481 sq feet when measured on 29 Oct 2009. Using an estimated price of £164,406 means this house is valued at £3,676 per sq meter (£341 per sq foot).
The average size of a house on WESTELL CLOSE is 71 sq meters (769 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Westell Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Mercia Road |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Maltings Close |
Apr 2024 | Anti-social behaviour | On or near Maltings Close | |
Apr 2024 | Anti-social behaviour | On or near Maltings Close |