£618,708
This estimated value is based upon the latest sale price for the house of £470,000 on 6 Jan 2017. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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8 Lamsey Road, Hemel Hempstead, HP3 9HB
Phone: 01442493655
| Price Paid | Date |
|---|---|
| £470,000 | 6 Jan 2017 |
| £340,000 | 11 Dec 2013 |
| Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 January 2017 the House Price Index for HERTFORDSHIRE was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £470,000 results in an estimated price of approximately £618,708.
| 6 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 149.7 | 31.640 % | £470,000 | £148,708 | £618,708 |
The Postcode Pricing Model uses changes in average sales price within the HP3 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 | 1.037 % | £4,875 | £474,875 |
| 3 Month Average | 5.881 % | £27,640 | £497,640 |
| 6 Month Average | 14.753 % | £69,340 | £539,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £376,571 | £365,000 | 2 ROYAL COURT |
| 20 Sep 2023 | £265,861 | £260,000 | 7 NEWELL RISE |
| 1 Aug 2022 | £658,077 | £655,000 | 28 BELMONT ROAD |
| 27 Jun 2022 | £510,921 | £500,000 | 25 NEWELL ROAD |
| 11 Feb 2022 | £232,421 | £220,000 | 4 DARA HOUSE BELMONT ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 19 Jun 2013. Using an estimated price of £618,709 means this house is valued at £6,249 per sq meter (£580 per sq foot).
The average size of a house on NEWELL ROAD is 120 sq meters (1,298 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wellen Rise |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wellen Rise |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royal Court |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royal Court |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royal Court |