£232,387
This estimated value is based upon the latest sale price for the house of £45,000 on 14 Apr 1997. 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 |
|---|---|
| £45,000 | 14 Apr 1997 |
| Detached |
| Freehold |
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 April 1997 the House Price Index for HERTFORDSHIRE was 28.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 416.416%.Applying this 416.416% change to the original purchase price of £45,000 results in an estimated price of approximately £232,387.
| 14 Apr 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 146.7 | 416.416 % | £45,000 | £187,387 | £232,387 |
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 | 437.201 % | £196,740 | £241,740 |
| 3 Month Average | 401.110 % | £180,499 | £225,499 |
| 6 Month Average | 356.733 % | £160,529 | £205,529 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Newell Rise |
| Dec 2023 | Drugs | Local resolution | On or near Glebe Close |