£404,969
This estimated value is based upon the latest sale price for the house of £325,000 on 30 Aug 2018. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £325,000 | 30 Aug 2018 |
| Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 sq feet |
This model uses changes in the Official Land Registry House Price Index for GLOUCESTERSHIRE to estimate the market value.
When this house was purchased in August 2018 the House Price Index for GLOUCESTERSHIRE was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £325,000 results in an estimated price of approximately £404,969.
| 30 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £325,000 | £79,969 | £404,969 |
The Postcode Pricing Model uses changes in average sales price within the GL4 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 | 22.267 % | £72,367 | £397,367 |
| 3 Month Average | 31.653 % | £102,873 | £427,873 |
| 6 Month Average | 29.153 % | £94,748 | £419,748 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Apr 2024 | £353,066 | £350,000 | 256 STROUD ROAD |
| 6 Sep 2023 | £219,846 | £215,000 | FLAT 2 LANGATE, 117 RESERVOIR ROAD |
| 7 Feb 2023 | £543,631 | £540,000 | 238 STROUD ROAD |
| 13 Apr 2022 | £238,607 | £230,000 | FLAT 5 LANGATE, 117 RESERVOIR ROAD |
| 8 Apr 2022 | £264,543 | £255,000 | FLAT 7 OAKBANK HOUSE, 9 OAKBANK |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 20 Jun 2018. Using an estimated price of £404,970 means this house is valued at £3,461 per sq meter (£321 per sq foot).
The average size of a house on RESERVOIR ROAD is 113 sq meters (1,220 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Under investigation | On or near Hill Road |