£245,311
This estimated value is based upon the latest sale price for the house of £157,500 on 2 May 2014. This value is then adjusted by the current Official House Price Index for SOUTHAMPTON 1
There has been one burglary within the last year on or near Lake Road
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| Price Paid | Date |
|---|---|
| £157,500 | 2 May 2014 |
| £72,000 | 16 Mar 2001 |
| Semi-Detached |
| Leasehold |
| Floor Area: 75 sq meters or 813 sq feet |
This model uses changes in the Official Land Registry House Price Index for SOUTHAMPTON to estimate the market value.
When this house was purchased in May 2014 the House Price Index for SOUTHAMPTON was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £157,500 results in an estimated price of approximately £245,311.
| 2 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £157,500 | £87,811 | £245,311 |
The Postcode Pricing Model uses changes in average sales price within the SO19 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 | 46.234 % | £72,818 | £230,318 |
| 3 Month Average | 74.785 % | £117,785 | £275,285 |
| 6 Month Average | 68.939 % | £108,579 | £266,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £271,902 | £265,000 | 5 WESTON GROVE ROAD |
| 31 Oct 2023 | £240,461 | £235,000 | 4 LAKE ROAD |
| 13 Oct 2023 | £236,368 | £231,000 | 17 WESTON GROVE ROAD |
| 15 Sep 2023 | £194,283 | £190,000 | 9 MIRABELLA CLOSE |
| 10 Aug 2023 | £173,122 | £170,000 | 11A WESTON GROVE ROAD |
This house has a floor area of 75 sq meters or 813 sq feet when measured on 15 Jul 2010. Using an estimated price of £245,311 means this house is valued at £3,247 per sq meter (£301 per sq foot).
The average size of a house on LAKE ROAD is 85 sq meters (924 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lake Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lake Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Lake Road |
| Aug 2024 | Anti-social behaviour | On or near Lake Road | |
| Aug 2024 | Anti-social behaviour | On or near Lake Road |