£405,886
This estimated value is based upon the latest sale price for the house of £346,000 on 26 Oct 2020. This value is then adjusted by the current Official House Price Index for PORTSMOUTH 1
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| Price Paid | Date |
|---|---|
| £346,000 | 26 Oct 2020 |
| £270,000 | 25 Mar 2014 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 896 sq feet |
This model uses changes in the Official Land Registry House Price Index for PORTSMOUTH to estimate the market value.
When this house was purchased in October 2020 the House Price Index for PORTSMOUTH was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £346,000 results in an estimated price of approximately £405,886.
| 26 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £346,000 | £59,886 | £405,886 |
The Postcode Pricing Model uses changes in average sales price within the PO1 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 | 65.275 % | £225,851 | £571,851 |
| 3 Month Average | 30.283 % | £104,780 | £450,780 |
| 6 Month Average | 20.232 % | £70,001 | £416,001 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £379,857 | £375,000 | 16 PENNY STREET |
| 11 Nov 2022 | £1,482,048 | £1,500,000 | 17 PEMBROKE ROAD |
| 15 Jul 2022 | £365,985 | £365,000 | 6 PEACOCK LANE |
| 17 May 2022 | £402,586 | £395,000 | 21 PENNY STREET |
| 1 Apr 2022 | £253,434 | £246,100 | FLAT 1 PEMBROKE CHAMBERS PENNY STREET |
This house has a floor area of 83 sq meters or 896 sq feet when measured on 31 Jan 2011. Using an estimated price of £405,887 means this house is valued at £4,875 per sq meter (£452 per sq foot).
The average size of a house on PENNY STREET is 99 sq meters (1,076 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Unable to prosecute suspect | On or near Farthing Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Halfpenny Lane |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Halfpenny Lane |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near High Street |
| Feb 2024 | Public order | Under investigation | On or near High Street |