£495,513
This estimated value is based upon the latest sale price for the house of £405,000 on 19 Feb 2020. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Orion House, Bessemer Road, Welwyn Garden City, AL7 1HH
Phone: 01707684986
| Price Paid | Date |
|---|---|
| £405,000 | 19 Feb 2020 |
| £322,500 | 29 May 2015 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2020 the House Price Index for HERTFORDSHIRE was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £405,000 results in an estimated price of approximately £495,513.
| 19 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £405,000 | £90,513 | £495,513 |
The Postcode Pricing Model uses changes in average sales price within the AL7 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 | 4.196 % | £16,993 | £421,993 |
| 3 Month Average | 9.328 % | £37,780 | £442,780 |
| 6 Month Average | 12.439 % | £50,376 | £455,376 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £603,624 | £595,500 | 18 COLE GREEN LANE |
| 28 Mar 2023 | £1,261,889 | £1,250,000 | 21 COLE GREEN LANE |
| 3 Aug 2022 | £463,752 | £465,000 | 127 MILL GREEN ROAD |
| 10 May 2022 | £173,265 | £170,000 | 17 WOODHALL HOUSE COLE GREEN LANE |
| 18 Jan 2022 | £184,171 | £175,000 | 19 WOODHALL HOUSE COLE GREEN LANE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 23 Aug 2016. Using an estimated price of £495,513 means this house is valued at £5,445 per sq meter (£505 per sq foot).
The average size of a house on COLE GREEN LANE is 73 sq meters (794 sq feet).