£260,291
This estimated value is based upon the latest sale price for the house of £242,950 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for TORBAY 1
There has been one burglary within the last year on or near New Street
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| Price Paid | Date |
|---|---|
| £242,950 | 17 Dec 2021 |
| £210,000 | 28 Mar 2003 |
| £118,000 | 3 Apr 1998 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 sq feet |
This model uses changes in the Official Land Registry House Price Index for TORBAY to estimate the market value.
When this house was purchased in December 2021 the House Price Index for TORBAY was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £242,950 results in an estimated price of approximately £260,291.
| 17 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £242,950 | £17,341 | £260,291 |
The Postcode Pricing Model uses changes in average sales price within the TQ3 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 | -1.653 % | £-4,015 | £238,934 |
| 3 Month Average | 6.541 % | £15,891 | £258,841 |
| 6 Month Average | 17.628 % | £42,826 | £285,776 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £162,849 | £160,000 | GROUND FLOOR FLAT 44 PALACE AVENUE |
| 10 Mar 2023 | £121,141 | £120,000 | FLAT 3 31 NEW STREET |
| 4 Nov 2022 | £153,145 | £155,000 | 53A PALACE AVENUE |
| 8 Aug 2022 | £164,557 | £165,000 | 32A TOTNES ROAD |
| 8 Jul 2022 | £726,957 | £725,000 | WESTMINSTER HOUSE, 38 - 40 PALACE AVENUE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 1 Jun 2021. Using an estimated price of £260,291 means this house is valued at £2,602 per sq meter (£241 per sq foot).
The average size of a house on PALACE AVENUE is 76 sq meters (826 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near New Street |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near New Street |
| Apr 2024 | Anti-social behaviour | On or near New Street | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near New Street |
| Apr 2024 | Burglary | Under investigation | On or near New Street |