£321,976
This estimated value is based upon the latest sale price for the house of £67,500 on 17 Apr 1998. This value is then adjusted by the current Official House Price Index for BEDFORDSHIRE 1
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82 Midland Road, Bedford, MK40 1QH
Phone: 01234880747
Price Paid | Date |
---|---|
£67,500 | 17 Apr 1998 |
Terraced |
Freehold |
Floor Area: 148 sq meters or 1,593 sq feet |
This model uses changes in the Official Land Registry House Price Index for BEDFORDSHIRE to estimate the market value.
When this house was purchased in April 1998 the House Price Index for BEDFORDSHIRE was 31.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 377.002%.Applying this 377.002% change to the original purchase price of £67,500 results in an estimated price of approximately £321,976.
17 Apr 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.4 | 149.7 | 377.002 % | £67,500 | £254,476 | £321,976 |
The Postcode Pricing Model uses changes in average sales price within the MK40 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 | 312.120 % | £210,681 | £278,181 |
3 Month Average | 357.016 % | £240,985 | £308,485 |
6 Month Average | 413.034 % | £278,797 | £346,297 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £353,066 | £350,000 | 13 GRAFTON ROAD |
7 Nov 2023 | £186,740 | £182,000 | FLAT 3 EDEN HOUSE ASHBURNHAM ROAD |
18 Oct 2023 | £312,088 | £305,000 | 1 RUTLAND ROAD |
20 Sep 2023 | £409,016 | £400,000 | 26 RUTLAND ROAD |
14 Nov 2022 | £547,440 | £550,000 | 29 RUTLAND ROAD |
This house has a floor area of 148 sq meters or 1,593 sq feet when measured on 18 Sep 2015. Using an estimated price of £321,976 means this house is valued at £2,175 per sq meter (£202 per sq foot).
The average size of a house on GRAFTON ROAD is 127 sq meters (1,370 sq feet).