£736,996
This estimated value is based upon the latest sale price for the house of £495,000 on 12 Feb 2015. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
There has been one burglary within the last year on or near Observer Drive
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Suite 4, Building 4, Hatters Lane, Watford, WD18 8YF
Phone: 01322584475
| Price Paid | Date |
|---|---|
| £495,000 | 12 Feb 2015 |
| £340,000 | 16 Dec 2005 |
| Terraced |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 2015 the House Price Index for HERTFORDSHIRE was 100.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.888%.Applying this 48.888% change to the original purchase price of £495,000 results in an estimated price of approximately £736,996.
| 12 Feb 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 149.7 | 48.888 % | £495,000 | £241,996 | £736,996 |
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 | 26.539 % | £131,365 | £626,365 |
| 3 Month Average | 31.606 % | £156,451 | £651,451 |
| 6 Month Average | 55.086 % | £272,674 | £767,674 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £330,387 | £322,000 | FLAT 11 MAYFAIR COURT OBSERVER DRIVE |
| 17 Aug 2022 | £236,104 | £235,000 | 7 SILVER PLACE |
| 28 Jul 2022 | £368,694 | £365,000 | FLAT 13 KNIGHTSBRIDGE COURT OBSERVER DRIVE |
| 8 Jun 2022 | £802,147 | £785,000 | 4 SILVER PLACE |
| 3 May 2022 | £367,576 | £358,000 | FLAT 17 KNIGHTSBRIDGE COURT OBSERVER DRIVE |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 16 Sep 2014. Using an estimated price of £736,997 means this house is valued at £5,340 per sq meter (£496 per sq foot).
The average size of a house on OBSERVER DRIVE is 77 sq meters (829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Observer Drive |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Observer Drive |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Observer Drive |
| Jul 2024 | Drugs | Under investigation | On or near Metropolitan Mews |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chiltern Close |