£163,294
This estimated value is based upon the latest sale price for the house of £35,000 on 23 Oct 1998. This value is then adjusted by the current Official House Price Index for CORNWALL 1
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| Price Paid | Date |
|---|---|
| £35,000 | 23 Oct 1998 |
| £36,000 | 4 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 sq feet |
This model uses changes in the Official Land Registry House Price Index for CORNWALL to estimate the market value.
When this house was purchased in October 1998 the House Price Index for CORNWALL was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.555%.Applying this 366.555% change to the original purchase price of £35,000 results in an estimated price of approximately £163,294.
| 23 Oct 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.555 % | £35,000 | £128,294 | £163,294 |
The Postcode Pricing Model uses changes in average sales price within the PL31 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 | 707.073 % | £247,475 | £282,475 |
| 3 Month Average | 446.476 % | £156,266 | £191,266 |
| 6 Month Average | 459.599 % | £160,859 | £195,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jan 2023 | £180,482 | £180,000 | 48 HARMER CLOSE |
| 12 Jul 2022 | £91,921 | £91,000 | 30 HARMER CLOSE |
| 27 May 2022 | £114,996 | £112,000 | FLAT 3 MARTINS COURT WALLACE ROAD |
| 14 Mar 2022 | £156,590 | £150,000 | 37 HARMER CLOSE |
| 1 Feb 2022 | £89,799 | £85,000 | FLAT 2 STANLEY COURT BERRYCOOMBE ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 16 May 2014. Using an estimated price of £163,294 means this house is valued at £1,834 per sq meter (£170 per sq foot).
The average size of a house on WALLACE ROAD is 77 sq meters (839 sq feet).