£257,433
This estimated value is based upon the latest sale price for the house of £53,000 on 9 Jan 1998. This value is then adjusted by the current Official House Price Index for WOKINGHAM 1
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2 Southgate House, Alexandra Court, Wokingham, RG40 2BJ
Phone: 01184430933
Price Paid | Date |
---|---|
£53,000 | 9 Jan 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 sq feet |
This model uses changes in the Official Land Registry House Price Index for WOKINGHAM to estimate the market value.
When this house was purchased in January 1998 the House Price Index for WOKINGHAM was 30.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 385.724%.Applying this 385.724% change to the original purchase price of £53,000 results in an estimated price of approximately £257,433.
9 Jan 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
30.8 | 149.7 | 385.724 % | £53,000 | £204,433 | £257,433 |
The Postcode Pricing Model uses changes in average sales price within the RG41 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 | 165.624 % | £87,780 | £140,780 |
3 Month Average | 279.136 % | £147,942 | £200,942 |
6 Month Average | 281.861 % | £149,386 | £202,386 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Apr 2024 | £257,234 | £255,000 | 20 LILY COURT HAVELOCK ROAD |
28 Nov 2023 | £613,062 | £597,500 | 19 BARKHAM ROAD |
6 Jan 2023 | £195,522 | £195,000 | 8 ELIZABETH COURT ALDERMAN WILLEY CLOSE |
26 Jul 2022 | £468,191 | £463,500 | 15 HAVELOCK ROAD |
22 Jul 2022 | £378,796 | £375,000 | 18 BARKHAM ROAD |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 21 Oct 2015. Using an estimated price of £257,434 means this house is valued at £5,363 per sq meter (£498 per sq foot).
The average size of a house on OXFORD ROAD is 109 sq meters (1,183 sq feet).