£279,669
This estimated value is based upon the latest sale price for the house of £132,000 on 6 Feb 2004. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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54 Market Street, Watford, WD18 0PY
Phone: 01923728433
| Price Paid | Date |
|---|---|
| £132,000 | 6 Feb 2004 |
| £54,000 | 2 Aug 2001 |
| £59,950 | 24 Nov 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 2004 the House Price Index for HERTFORDSHIRE was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £132,000 results in an estimated price of approximately £279,669.
| 6 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £132,000 | £147,669 | £279,669 |
The Postcode Pricing Model uses changes in average sales price within the WD18 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 | 63.403 % | £83,691 | £215,691 |
| 3 Month Average | 132.195 % | £174,497 | £306,497 |
| 6 Month Average | 113.210 % | £149,437 | £281,437 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £339,339 | £335,000 | 25 ST MARYS ROAD |
| 1 Sep 2023 | £326,170 | £322,000 | 34 MERTON ROAD |
| 7 Aug 2023 | £428,751 | £425,000 | 47 FRANCIS ROAD |
| 21 Jul 2023 | £658,868 | £650,000 | 59A MARKET STREET |
| 31 Jan 2023 | £359,307 | £361,000 | 27 FEARNLEY STREET |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 7 Apr 2016. Using an estimated price of £279,670 means this house is valued at £4,821 per sq meter (£447 per sq foot).
The average size of a house on MARKET STREET is 66 sq meters (714 sq feet).