£425,991
This estimated value is based upon the latest sale price for the house of £230,000 on 29 Jul 2005. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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Suite 4, Building 4, Hatters Lane, Watford, WD18 8YF
Phone: 01322584475
| Price Paid | Date |
|---|---|
| £230,000 | 29 Jul 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 2005 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 85.214%.Applying this 85.214% change to the original purchase price of £230,000 results in an estimated price of approximately £425,991.
| 29 Jul 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 149.7 | 85.214 % | £230,000 | £195,991 | £425,991 |
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 | 78.091 % | £179,609 | £409,609 |
| 3 Month Average | 68.472 % | £157,484 | £387,484 |
| 6 Month Average | 93.661 % | £215,419 | £445,419 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £330,387 | £322,000 | FLAT 11 MAYFAIR COURT OBSERVER DRIVE |
| 17 Aug 2022 | £236,104 | £235,000 | 7 SILVER PLACE |
| 28 Jul 2022 | £368,694 | £365,000 | FLAT 13 KNIGHTSBRIDGE COURT OBSERVER DRIVE |
| 8 Jun 2022 | £802,147 | £785,000 | 4 SILVER PLACE |
| 3 May 2022 | £367,576 | £358,000 | FLAT 17 KNIGHTSBRIDGE COURT OBSERVER DRIVE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 25 May 2021. Using an estimated price of £425,991 means this house is valued at £5,756 per sq meter (£534 per sq foot).
The average size of a house on OBSERVER DRIVE is 77 sq meters (829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Under investigation | On or near Metropolitan Mews |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chiltern Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chiltern Close |
| Jun 2024 | Anti-social behaviour | On or near Chiltern Close | |
| Jun 2024 | Anti-social behaviour | On or near Chiltern Close |