£88,983
This estimated value is based upon the latest sale price for the house of £59,000 on 14 Oct 2014. This value is then adjusted by the current Official House Price Index for TORBAY 1
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| Price Paid | Date |
|---|---|
| £59,000 | 14 Oct 2014 |
| £73,000 | 29 Sep 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 498 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 October 2014 the House Price Index for TORBAY was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £59,000 results in an estimated price of approximately £88,983.
| 14 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £59,000 | £29,983 | £88,983 |
The Postcode Pricing Model uses changes in average sales price within the TQ2 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 | 6.709 % | £3,958 | £62,958 |
| 3 Month Average | 23.879 % | £14,088 | £73,088 |
| 6 Month Average | 40.112 % | £23,666 | £82,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £117,995 | £115,000 | FLAT 4 NEWTAKE HOUSE, 121 HELE ROAD |
| 25 Aug 2023 | £244,408 | £240,000 | 24 DORCHESTER GROVE |
| 31 Mar 2023 | £85,427 | £84,000 | 92 HELE ROAD |
| 31 Mar 2023 | £298,993 | £294,000 | 119 HELE ROAD |
| 9 Jun 2022 | £216,631 | £212,000 | 2 DORCHESTER GROVE |
This house has a floor area of 46 sq meters or 498 sq feet when measured on 24 Feb 2011. Using an estimated price of £88,983 means this house is valued at £1,921 per sq meter (£178 per sq foot).
The average size of a house on HELE ROAD is 69 sq meters (750 sq feet).