£288,361
This estimated value is based upon the latest sale price for the house of £225,000 on 26 May 2017. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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8 Market Place, Stevenage, SG1 1DB
Phone: 01438870091
| Price Paid | Date |
|---|---|
| £225,000 | 26 May 2017 |
| £170,000 | 13 Jan 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 May 2017 the House Price Index for HERTFORDSHIRE was 115.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 28.161%.Applying this 28.161% change to the original purchase price of £225,000 results in an estimated price of approximately £288,361.
| 26 May 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.0 | 28.161 % | £225,000 | £63,361 | £288,361 |
The Postcode Pricing Model uses changes in average sales price within the SG1 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 | 16.921 % | £38,071 | £263,071 |
| 3 Month Average | 2.568 % | £5,778 | £230,778 |
| 6 Month Average | 7.804 % | £17,559 | £242,559 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £110,373 | £110,000 | 5 EASTGATE |
| 20 Nov 2023 | £329,227 | £325,000 | 79 PENN ROAD |
| 28 Aug 2023 | £301,835 | £300,000 | 2 - 4 MARKET PLACE |
| 8 Apr 2022 | £200,000 | £195,000 | 7 EASTGATE |
| 6 Apr 2022 | £283,077 | £276,000 | 26 PENN ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 1 Sep 2016. Using an estimated price of £288,362 means this house is valued at £4,240 per sq meter (£393 per sq foot).
The average size of a house on SOUTHGATE is 65 sq meters (708 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Feb 2024 | Anti-social behaviour | On or near Parking Area |