£575,762
This estimated value is based upon the latest sale price for the house of £400,000 on 14 Jul 2015. This value is then adjusted by the current Official House Price Index for BERKSHIRE 1
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Price Paid | Date |
---|---|
£400,000 | 14 Jul 2015 |
£175,000 | 30 Apr 2002 |
£155,000 | 16 Jun 2000 |
£89,000 | 24 Jul 1996 |
Detached |
Freehold |
Floor Area: 119 sq meters or 1,280 sq feet |
This model uses changes in the Official Land Registry House Price Index for BERKSHIRE to estimate the market value.
When this house was purchased in July 2015 the House Price Index for BERKSHIRE was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £400,000 results in an estimated price of approximately £575,762.
14 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 148.6 | 43.941 % | £400,000 | £175,762 | £575,762 |
The Postcode Pricing Model uses changes in average sales price within the RG17 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 | -6.294 % | £-25,174 | £374,825 |
3 Month Average | 43.195 % | £172,779 | £572,779 |
6 Month Average | 56.289 % | £225,155 | £625,155 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Jul 2023 | £152,046 | £150,000 | 19 FREEMANS CLOSE |
29 Jun 2023 | £151,839 | £150,000 | 16 FREEMANS CLOSE |
24 Mar 2023 | £153,950 | £152,500 | 18 FREEMANS CLOSE |
21 Oct 2022 | £368,532 | £372,500 | 30 WESSEX CLOSE |
27 Jun 2022 | £279,449 | £275,500 | 45 CHILTON WAY |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 5 Mar 2015. Using an estimated price of £575,763 means this house is valued at £4,838 per sq meter (£449 per sq foot).
The average size of a house on WESSEX CLOSE is 54 sq meters (587 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Wessex Close |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Smitham Bridge Road |
Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Smitham Bridge Road |
Feb 2024 | Anti-social behaviour | On or near Freemans Close | |
Feb 2024 | Anti-social behaviour | On or near Freemans Close |