£255,928
This estimated value is based upon the latest sale price for the house of £237,500 on 6 Sep 2021. 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 |
|---|---|
| £237,500 | 6 Sep 2021 |
| £183,000 | 31 Mar 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 September 2021 the House Price Index for HERTFORDSHIRE was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £237,500 results in an estimated price of approximately £255,928.
| 6 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £237,500 | £18,428 | £255,928 |
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 | 74.077 % | £175,933 | £413,433 |
| 3 Month Average | 19.951 % | £47,383 | £284,883 |
| 6 Month Average | -0.654 % | £-1,554 | £235,945 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £326,839 | £322,000 | FLAT 11 MAYFAIR COURT OBSERVER DRIVE |
| 17 Aug 2022 | £234,369 | £235,000 | 7 SILVER PLACE |
| 28 Jul 2022 | £365,985 | £365,000 | FLAT 13 KNIGHTSBRIDGE COURT OBSERVER DRIVE |
| 8 Jun 2022 | £796,253 | £785,000 | 4 SILVER PLACE |
| 3 May 2022 | £364,875 | £358,000 | FLAT 17 KNIGHTSBRIDGE COURT OBSERVER DRIVE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 21 Aug 2020. Using an estimated price of £255,928 means this house is valued at £4,828 per sq meter (£448 per sq foot).
The average size of a house on OBSERVER DRIVE is 77 sq meters (829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near Observer Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Observer Drive |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Observer Drive |
| Mar 2024 | Burglary | Under investigation | On or near Metropolitan Mews |
| Feb 2024 | Anti-social behaviour | On or near Metropolitan Mews |