£540,493
This estimated value is based upon the latest sale price for the house of £440,000 on 19 Jul 2019. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Three Gables, Hemel Hempstead, HP3 9HN
Phone: 01442493841
| Price Paid | Date |
|---|---|
| £440,000 | 19 Jul 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 July 2019 the House Price Index for HERTFORDSHIRE was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.839%.Applying this 22.839% change to the original purchase price of £440,000 results in an estimated price of approximately £540,493.
| 19 Jul 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.839 % | £440,000 | £100,493 | £540,493 |
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 | 4.952 % | £21,786 | £461,786 |
| 3 Month Average | 15.977 % | £70,298 | £510,298 |
| 6 Month Average | -1.252 % | £-5,510 | £434,489 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £301,835 | £300,000 | FLAT 5 MERTON RISE, 119 LAWN LANE |
| 20 Jan 2023 | £555,124 | £560,000 | 13 CRABTREE CLOSE |
| 25 Nov 2022 | £344,415 | £350,000 | FLAT 1 MERTON RISE, 119 LAWN LANE |
| 18 Nov 2022 | £307,513 | £312,500 | FLAT 3 MERTON RISE, 119 LAWN LANE |
| 15 Aug 2022 | £322,819 | £325,000 | FLAT 4 MERTON RISE, 119 LAWN LANE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 23 Jan 2019. Using an estimated price of £540,494 means this house is valued at £4,958 per sq meter (£460 per sq foot).
The average size of a house on CRABTREE LANE is 87 sq meters (941 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Robbery | Under investigation | On or near Lawn Lane |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Lawn Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Crabtree Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Crabtree Close |
| Apr 2024 | Burglary | Under investigation | On or near Oram Place |