£59,114
This estimated value is based upon the latest sale price for the house of £38,750 on 8 Aug 2014. This value is then adjusted by the current Official House Price Index for TORBAY 1
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| Price Paid | Date |
|---|---|
| £38,750 | 8 Aug 2014 |
| Semi-Detached |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 August 2014 the House Price Index for TORBAY was 98.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 52.553%.Applying this 52.553% change to the original purchase price of £38,750 results in an estimated price of approximately £59,114.
| 8 Aug 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 149.7 | 52.553 % | £38,750 | £20,364 | £59,114 |
The Postcode Pricing Model uses changes in average sales price within the TQ4 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 | 17.211 % | £6,669 | £45,419 |
| 3 Month Average | 38.590 % | £14,953 | £53,703 |
| 6 Month Average | 28.047 % | £10,868 | £49,618 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £302,805 | £293,500 | 39 LANCASTER DRIVE |
| 24 Nov 2023 | £287,293 | £280,000 | 5 LANCASTER DRIVE |
| 11 Oct 2023 | £294,181 | £287,500 | 48 LANCASTER DRIVE |
| 28 Sep 2023 | £224,959 | £220,000 | 29 WYRE CLOSE |
| 14 Aug 2023 | £228,114 | £224,000 | 27 WYRE CLOSE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 19 Feb 2014. Using an estimated price of £59,114 means this house is valued at £869 per sq meter (£80 per sq foot).
The average size of a house on LANCASTER DRIVE is 88 sq meters (956 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Furness Close |
| May 2024 | Public order | Unable to prosecute suspect | On or near Bowland Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tudor Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hambleton Way |
| Apr 2024 | Other theft | Under investigation | On or near Stabb Close |