£486,580
This estimated value is based upon the latest sale price for the house of £262,500 on 30 Jun 2009. 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 |
|---|---|
| £262,500 | 30 Jun 2009 |
| £195,000 | 9 Jan 2009 |
| Semi-Detached |
| Leasehold |
| Floor Area: 52 sq meters or 569 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 June 2009 the House Price Index for HERTFORDSHIRE was 80.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.364%.Applying this 85.364% change to the original purchase price of £262,500 results in an estimated price of approximately £486,580.
| 30 Jun 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 149.7 | 85.364 % | £262,500 | £224,080 | £486,580 |
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 | 152.261 % | £399,684 | £662,184 |
| 3 Month Average | 119.467 % | £313,602 | £576,102 |
| 6 Month Average | 115.208 % | £302,420 | £564,920 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £166,445 | £165,000 | UNIT 19-20 PEARTREE FARM PEARTREE LANE |
| 5 Sep 2023 | £337,439 | £330,000 | FLAT 21 51 BRIDGE ROAD EAST |
| 21 Apr 2023 | £257,058 | £252,250 | FLAT 22 51 BRIDGE ROAD EAST |
| 15 Jun 2022 | £347,427 | £340,000 | FLAT 23 51 BRIDGE ROAD EAST |
| 10 Mar 2022 | £298,565 | £286,000 | FLAT 27 51 BRIDGE ROAD EAST |
This house has a floor area of 52 sq meters or 569 sq feet when measured on 21 Apr 2009. Using an estimated price of £486,580 means this house is valued at £9,201 per sq meter (£854 per sq foot).
The average size of a house on PEARTREE LANE is 83 sq meters (903 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Home Meadow |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Home Meadow |