£610,458
This estimated value is based upon the latest sale price for the house of £490,000 on 18 Apr 2019. This value is then adjusted by the current Official House Price Index for SURREY 1
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5 Madrid Road, Guilford, GU2 8BN
Phone: 01483665173
| Price Paid | Date |
|---|---|
| £490,000 | 18 Apr 2019 |
| £507,500 | 13 Dec 2016 |
| £289,995 | 29 Oct 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 sq feet |
This model uses changes in the Official Land Registry House Price Index for SURREY to estimate the market value.
When this house was purchased in April 2019 the House Price Index for SURREY was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £490,000 results in an estimated price of approximately £610,458.
| 18 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £490,000 | £120,458 | £610,458 |
The Postcode Pricing Model uses changes in average sales price within the GU1 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 | -23.700 % | £-116,128 | £373,871 |
| 3 Month Average | -1.481 % | £-7,257 | £482,742 |
| 6 Month Average | 5.356 % | £26,244 | £516,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £728,213 | £705,836 | 1 RECREATION ROAD |
| 24 Nov 2023 | £271,902 | £265,000 | FLAT 2 12 RECREATION ROAD |
| 31 Mar 2022 | £208,787 | £200,000 | FLAT 3 12 RECREATION ROAD |
| 7 Dec 2021 | £496,482 | £460,000 | 18 CHESTNUT ROAD |
| 30 Sep 2021 | £586,207 | £540,000 | 11 CHESTNUT ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 4 Aug 2016. Using an estimated price of £610,459 means this house is valued at £7,536 per sq meter (£700 per sq foot).
The average size of a house on BICKNELL CLOSE is 90 sq meters (973 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Under investigation | On or near Linden Road |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Linden Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Linden Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Road |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Chestnut Road |