£378,791
This estimated value is based upon the latest sale price for the house of £245,000 on 9 May 2014. This value is then adjusted by the current Official House Price Index for DORSET 1
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| Price Paid | Date |
|---|---|
| £245,000 | 9 May 2014 |
| £116,000 | 7 May 1998 |
| Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 sq feet |
This model uses changes in the Official Land Registry House Price Index for DORSET to estimate the market value.
When this house was purchased in May 2014 the House Price Index for DORSET was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £245,000 results in an estimated price of approximately £378,791.
| 9 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £245,000 | £133,791 | £378,791 |
The Postcode Pricing Model uses changes in average sales price within the BH22 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 | -5.681 % | £-13,918 | £231,081 |
| 3 Month Average | 26.740 % | £65,512 | £310,512 |
| 6 Month Average | 52.225 % | £127,950 | £372,950 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £437,658 | £430,000 | 23 DORSET AVENUE |
| 5 Dec 2023 | £437,658 | £430,000 | 18 MELBURY CLOSE |
| 22 Sep 2023 | £194,993 | £192,500 | FLAT 60 ST. MARYS MEWS, 1 FERNLEA AVENUE |
| 4 Sep 2023 | £177,267 | £175,000 | FLAT 21 ST. MARYS MEWS, 1 FERNLEA AVENUE |
| 25 Aug 2023 | £151,324 | £150,000 | FLAT 58 ST. MARYS MEWS, 1 FERNLEA AVENUE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 29 Nov 2013. Using an estimated price of £378,792 means this house is valued at £4,676 per sq meter (£434 per sq foot).
The average size of a house on MELBURY CLOSE is 100 sq meters (1,079 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shopping Area |
| Feb 2024 | Anti-social behaviour | On or near A348 | |
| Feb 2024 | Anti-social behaviour | On or near A348 | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Stalbridge Drive |