£282,563
This estimated value is based upon the latest sale price for the house of £179,950 on 18 Jan 2008. This value is then adjusted by the current Official House Price Index for MILTON KEYNES 1
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Regency Court, 224 Upper Fifth Street, Milton Keynes, MK9 2HR
Phone: 01908942131
Price Paid | Date |
---|---|
£179,950 | 18 Jan 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 548 sq feet |
This model uses changes in the Official Land Registry House Price Index for MILTON KEYNES to estimate the market value.
When this house was purchased in January 2008 the House Price Index for MILTON KEYNES was 95.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.023%.Applying this 57.023% change to the original purchase price of £179,950 results in an estimated price of approximately £282,563.
18 Jan 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.3 | 149.7 | 57.023 % | £179,950 | £102,613 | £282,563 |
The Postcode Pricing Model uses changes in average sales price within the MK9 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 | 47.043 % | £84,654 | £264,604 |
3 Month Average | 73.948 % | £133,068 | £313,018 |
6 Month Average | 27.514 % | £49,511 | £229,461 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £238,067 | £236,000 | 46 CHELSEA HOUSE, 599 WITAN GATE |
27 Nov 2019 | £247,043 | £199,950 | 82 CHELSEA HOUSE, 599 WITAN GATE |
29 Oct 2019 | £203,841 | £165,000 | 33 STATEN HOUSE RILLATON WALK |
18 Apr 2019 | £249,167 | £200,000 | 36 CHELSEA HOUSE, 599 WITAN GATE |
18 Dec 2018 | £173,979 | £140,000 | 17 STATEN HOUSE RILLATON WALK |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 11 Oct 2018. Using an estimated price of £282,563 means this house is valued at £5,540 per sq meter (£514 per sq foot).
The average size of a house on WITAN GATE is 57 sq meters (620 sq feet).