£605,281
This estimated value is based upon the latest sale price for the house of £490,000 on 22 Feb 2019. This value is then adjusted by the current Official House Price Index for EAST RIDING OF YORKSHIRE 1
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| Price Paid | Date |
|---|---|
| £490,000 | 22 Feb 2019 |
| Detached |
| Freehold |
| Floor Area: 277 sq meters or 2,981 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST RIDING OF YORKSHIRE to estimate the market value.
When this house was purchased in February 2019 the House Price Index for EAST RIDING OF YORKSHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £490,000 results in an estimated price of approximately £605,281.
| 22 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £490,000 | £115,281 | £605,281 |
The Postcode Pricing Model uses changes in average sales price within the HU16 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 | 25.983 % | £127,316 | £617,316 |
| 3 Month Average | 7.470 % | £36,600 | £526,600 |
| 6 Month Average | 20.913 % | £102,471 | £592,471 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £202,590 | £200,000 | 8 ST MARGARETS AVENUE |
| 21 Sep 2023 | £224,875 | £222,000 | 3 STEWART GARTH |
| 7 Aug 2023 | £176,544 | £175,000 | 107 EPPLEWORTH ROAD |
| 30 Jun 2023 | £273,311 | £270,000 | 23 JACK HARRISON AVENUE |
| 25 Nov 2022 | £316,170 | £320,000 | 27 JACK HARRISON AVENUE |
This house has a floor area of 277 sq meters or 2,981 sq feet when measured on 31 Oct 2018. Using an estimated price of £605,281 means this house is valued at £2,185 per sq meter (£203 per sq foot).
The average size of a house on MERCHANTS DRIVE is 368 sq meters (3,968 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Merchants Drive |
| Apr 2024 | Public order | Offender given a caution | On or near Merchants Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Harland Way |
| Mar 2024 | Other crime | Under investigation | On or near Harland Way |
| Mar 2024 | Public order | Local resolution | On or near Harland Way |