£261,029
This estimated value is based upon the latest sale price for the house of £57,000 on 14 Dec 1998. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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54 Market Street, Watford, WD18 0PY
Phone: 01923728433
| Price Paid | Date |
|---|---|
| £57,000 | 14 Dec 1998 |
| Terraced |
| Freehold |
| Floor Area: 50 sq meters or 538 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 December 1998 the House Price Index for HERTFORDSHIRE was 32.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 357.946%.Applying this 357.946% change to the original purchase price of £57,000 results in an estimated price of approximately £261,029.
| 14 Dec 1998 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.0 | 357.946 % | £57,000 | £204,029 | £261,029 |
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 | 515.380 % | £293,766 | £350,766 |
| 3 Month Average | 427.602 % | £243,733 | £300,733 |
| 6 Month Average | 359.147 % | £204,714 | £261,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £594,242 | £583,000 | 97 MARKET STREET |
| 21 Jul 2023 | £302,865 | £300,000 | 69 VICARAGE ROAD |
| 21 Jul 2023 | £550,205 | £545,000 | 67 VICARAGE ROAD |
| 21 Jul 2023 | £403,820 | £400,000 | 75A VICARAGE ROAD |
| 31 Jan 2023 | £357,857 | £361,000 | 27 FEARNLEY STREET |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 31 May 2013. Using an estimated price of £261,029 means this house is valued at £5,220 per sq meter (£485 per sq foot).
The average size of a house on MERTON ROAD is 62 sq meters (670 sq feet).