£296,651
This estimated value is based upon the latest sale price for the house of £240,000 on 24 Sep 2019. This value is then adjusted by the current Official House Price Index for CAMBRIDGESHIRE 1
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| Price Paid | Date |
|---|---|
| £240,000 | 24 Sep 2019 |
| £163,000 | 31 Mar 2014 |
| £130,000 | 20 Jun 2003 |
| £104,000 | 18 May 2001 |
| £69,500 | 12 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 sq feet |
This model uses changes in the Official Land Registry House Price Index for CAMBRIDGESHIRE to estimate the market value.
When this house was purchased in September 2019 the House Price Index for CAMBRIDGESHIRE was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £240,000 results in an estimated price of approximately £296,651.
| 24 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £240,000 | £56,651 | £296,651 |
The Postcode Pricing Model uses changes in average sales price within the PE15 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 | 12.771 % | £30,650 | £270,650 |
| 3 Month Average | 21.194 % | £50,866 | £290,866 |
| 6 Month Average | 13.264 % | £31,834 | £271,834 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Mar 2023 | £386,454 | £380,000 | 19 GRESLEY WAY |
| 17 Mar 2023 | £162,717 | £160,000 | 251 NORWOOD ROAD |
| 15 Jul 2022 | £161,619 | £160,000 | 247 NORWOOD ROAD |
| 21 Feb 2022 | £554,640 | £525,000 | 148 NORWOOD ROAD |
| 12 Nov 2021 | £155,801 | £143,000 | 245 NORWOOD ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 28 Aug 2013. Using an estimated price of £296,651 means this house is valued at £3,490 per sq meter (£324 per sq foot).
The average size of a house on GRESLEY WAY is 97 sq meters (1,044 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Pacific Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Pacific Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pacific Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pacific Close |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Russell Avenue |