£518,812
This estimated value is based upon the latest sale price for the house of £420,000 on 15 Feb 2019. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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7 Howard Park Corner, Letchworth Garden City, SG6 1PQ
Phone: 01462228746
| Price Paid | Date |
|---|---|
| £420,000 | 15 Feb 2019 |
| Detached |
| 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 2019 the House Price Index for HERTFORDSHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £420,000 results in an estimated price of approximately £518,812.
| 15 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £420,000 | £98,812 | £518,812 |
The Postcode Pricing Model uses changes in average sales price within the SG7 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 | -6.924 % | £-29,080 | £390,919 |
| 3 Month Average | -24.051 % | £-101,014 | £318,985 |
| 6 Month Average | 4.780 % | £20,076 | £440,076 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £309,583 | £305,000 | 36 MERCIA ROAD |
| 20 Sep 2023 | £339,339 | £335,000 | 16 WYNN CLOSE |
| 31 Aug 2023 | £363,177 | £360,000 | 64 MERCIA ROAD |
| 31 Aug 2023 | £484,236 | £480,000 | 63 MERCIA ROAD |
| 17 Jun 2022 | £357,046 | £352,000 | 80 MERCIA ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 10 Mar 2017. Using an estimated price of £518,813 means this house is valued at £5,701 per sq meter (£529 per sq foot).
The average size of a house on MERCIA ROAD is 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Mercia Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Mercia Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Yeomanry Drive |
| Mar 2024 | Anti-social behaviour | On or near Yeomanry Drive | |
| Dec 2023 | Anti-social behaviour | On or near Wynn Close |