£397,380
This estimated value is based upon the latest sale price for the house of £230,000 on 15 Feb 2012. This value is then adjusted by the current Official House Price Index for BOURNEMOUTH 1
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Price Paid | Date |
---|---|
£230,000 | 15 Feb 2012 |
£74,250 | 5 Mar 1999 |
Semi-Detached |
Freehold |
Floor Area: 87 sq meters or 936 sq feet |
This model uses changes in the Official Land Registry House Price Index for BOURNEMOUTH to estimate the market value.
When this house was purchased in February 2012 the House Price Index for BOURNEMOUTH was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.774%.Applying this 72.774% change to the original purchase price of £230,000 results in an estimated price of approximately £397,380.
15 Feb 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 149.7 | 72.774 % | £230,000 | £167,380 | £397,380 |
The Postcode Pricing Model uses changes in average sales price within the BH8 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 | 75.855 % | £174,465 | £404,465 |
3 Month Average | 69.112 % | £158,958 | £388,958 |
6 Month Average | 65.324 % | £150,245 | £380,245 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £369,376 | £360,000 | 204 STEWART ROAD |
22 Sep 2023 | £403,904 | £395,000 | 259 MALMESBURY PARK ROAD |
1 Mar 2023 | £355,944 | £350,000 | 233 MALMESBURY PARK ROAD |
25 Jan 2023 | £415,109 | £414,000 | 201 STEWART ROAD |
20 Jan 2023 | £365,978 | £365,000 | 275 MALMESBURY PARK ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 20 May 2015. Using an estimated price of £397,380 means this house is valued at £4,567 per sq meter (£424 per sq foot).
The average size of a house on STEWART ROAD is 90 sq meters (977 sq feet).