£340,908
This estimated value is based upon the latest sale price for the house of £285,000 on 18 Sep 2020. This value is then adjusted by the current Official House Price Index for PORTSMOUTH 1
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| Price Paid | Date |
|---|---|
| £285,000 | 18 Sep 2020 |
| £276,500 | 21 Dec 2016 |
| £125,000 | 2 Aug 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 83 sq meters or 893 sq feet |
This model uses changes in the Official Land Registry House Price Index for PORTSMOUTH to estimate the market value.
When this house was purchased in September 2020 the House Price Index for PORTSMOUTH was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £285,000 results in an estimated price of approximately £340,908.
| 18 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £285,000 | £55,908 | £340,908 |
The Postcode Pricing Model uses changes in average sales price within the PO5 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 | -5.976 % | £-17,032 | £267,967 |
| 3 Month Average | -17.514 % | £-49,914 | £235,085 |
| 6 Month Average | -1.780 % | £-5,073 | £279,926 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £320,786 | £315,000 | FLAT 3 QUEENS GATE, 1 OSBORNE ROAD |
| 17 Aug 2022 | £173,813 | £173,000 | FLAT 10 CHESTERFIELD HOUSE, 28 - 29 WESTERN PARADE |
| 25 May 2022 | £420,967 | £410,000 | 26C WESTERN PARADE |
| 5 Apr 2022 | £252,094 | £243,000 | FLAT 8 CHESTERFIELD HOUSE, 28 - 29 WESTERN PARADE |
| 28 Jan 2022 | £333,962 | £315,000 | FLAT 7C QUEENS GATE, 5 OSBORNE ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 14 Jun 2011. Using an estimated price of £340,909 means this house is valued at £4,105 per sq meter (£381 per sq foot).
The average size of a house on WESTERN PARADE is 83 sq meters (893 sq feet).