£451,424
This estimated value is based upon the latest sale price for the house of £150,000 on 18 Apr 2002. This value is then adjusted by the current Official House Price Index for CAMBRIDGESHIRE 1
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2 Dukes Court, 54-62 Newmarket Road, Cambridge, CB5 8DZ
Phone: 01223784741
| Price Paid | Date |
|---|---|
| £150,000 | 18 Apr 2002 |
| £59,950 | 11 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 sq feet |
This model uses changes in the Official Land Registry House Price Index for CAMBRIDGESHIRE to estimate the market value.
When this house was purchased in April 2002 the House Price Index for CAMBRIDGESHIRE was 49.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 200.950%.Applying this 200.950% change to the original purchase price of £150,000 results in an estimated price of approximately £451,424.
| 18 Apr 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 149.7 | 200.950 % | £150,000 | £301,424 | £451,424 |
The Postcode Pricing Model uses changes in average sales price within the CB5 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 | 500.382 % | £750,572 | £900,572 |
| 3 Month Average | 212.136 % | £318,204 | £468,204 |
| 6 Month Average | 173.179 % | £259,768 | £409,768 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £245,999 | £238,440 | FLAT 1 251 NEWMARKET ROAD |
| 20 Nov 2023 | £246,251 | £240,000 | 122 NEW STREET |
| 31 Aug 2023 | £486,270 | £477,500 | 140 NEW STREET |
| 4 Aug 2023 | £560,102 | £550,000 | 69 RIVER LANE |
| 28 Apr 2023 | £633,910 | £622,053 | 77 RIVER LANE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 12 Oct 2015. Using an estimated price of £451,425 means this house is valued at £5,505 per sq meter (£511 per sq foot).
The average size of a house on NEWMARKET ROAD is 84 sq meters (914 sq feet).