£60,048
This estimated value is based upon the latest sale price for the house of £45,000 on 19 Oct 2016. This value is then adjusted by the current Official House Price Index for WREKIN 1
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| Price Paid | Date |
|---|---|
| £45,000 | 19 Oct 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 sq feet |
This model uses changes in the Official Land Registry House Price Index for WREKIN to estimate the market value.
When this house was purchased in October 2016 the House Price Index for WREKIN was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £45,000 results in an estimated price of approximately £60,048.
| 19 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £45,000 | £15,048 | £60,048 |
The Postcode Pricing Model uses changes in average sales price within the TF3 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 | 17.455 % | £7,854 | £52,854 |
| 3 Month Average | 45.049 % | £20,271 | £65,271 |
| 6 Month Average | 23.391 % | £10,526 | £55,526 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £46,427 | £45,000 | 192 BURFORD |
| 29 Sep 2023 | £71,578 | £70,000 | 176 BURFORD |
| 9 Feb 2023 | £50,336 | £50,000 | 162 BURFORD |
| 10 Oct 2022 | £49,834 | £50,000 | 153 BURFORD |
| 7 Oct 2022 | £49,834 | £50,000 | 150 BURFORD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 18 Jul 2021. Using an estimated price of £60,048 means this house is valued at £834 per sq meter (£77 per sq foot).
The average size of a house on BURFORD is 80 sq meters (868 sq feet).