£293,574
This estimated value is based upon the latest sale price for the house of £221,000 on 30 Sep 2016. This value is then adjusted by the current Official House Price Index for CITY OF PLYMOUTH 1
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| Price Paid | Date |
|---|---|
| £221,000 | 30 Sep 2016 |
| £121,000 | 3 Oct 2003 |
| £89,950 | 5 Oct 2001 |
| £70,000 | 23 Dec 1999 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF PLYMOUTH to estimate the market value.
When this house was purchased in September 2016 the House Price Index for CITY OF PLYMOUTH was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £221,000 results in an estimated price of approximately £293,574.
| 30 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £221,000 | £72,574 | £293,574 |
The Postcode Pricing Model uses changes in average sales price within the PL7 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 | 45.603 % | £100,782 | £321,782 |
| 3 Month Average | 37.268 % | £82,362 | £303,362 |
| 6 Month Average | 31.814 % | £70,309 | £291,309 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £502,439 | £495,000 | 31 ROMILLY GARDENS |
| 18 Aug 2023 | £158,890 | £157,500 | 68 GRANTHAM CLOSE |
| 9 Mar 2023 | £214,521 | £212,500 | 61 GRANTHAM CLOSE |
| 8 Mar 2023 | £209,978 | £208,000 | 92 GRANTHAM CLOSE |
| 3 Mar 2023 | £454,280 | £450,000 | 12 MORLEY CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 17 Jun 2016. Using an estimated price of £293,574 means this house is valued at £3,261 per sq meter (£303 per sq foot).
The average size of a house on MERAFIELD FARM COTTAGES is 103 sq meters (1,117 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grantham Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chantry Court |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Merafield Road |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Shopping Area |
| Mar 2024 | Anti-social behaviour | On or near Shopping Area |