£321,182
This estimated value is based upon the latest sale price for the house of £275,000 on 4 Nov 2020. This value is then adjusted by the current Official House Price Index for SURREY 1
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5 Madrid Road, Guilford, GU2 8BN
Phone: 01483665173
| Price Paid | Date |
|---|---|
| £275,000 | 4 Nov 2020 |
| £242,500 | 1 Dec 2010 |
| £145,599 | 6 Jun 2002 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 559 sq feet |
This model uses changes in the Official Land Registry House Price Index for SURREY to estimate the market value.
When this house was purchased in November 2020 the House Price Index for SURREY was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £275,000 results in an estimated price of approximately £321,182.
| 4 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £275,000 | £46,182 | £321,182 |
The Postcode Pricing Model uses changes in average sales price within the GU7 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 | -16.207 % | £-44,569 | £230,430 |
| 3 Month Average | 8.752 % | £24,066 | £299,066 |
| 6 Month Average | 14.512 % | £39,907 | £314,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Oct 2023 | £431,807 | £422,000 | 22 TOWN END CLOSE |
| 4 Sep 2023 | £506,158 | £495,000 | 25 LATIMER ROAD |
| 18 Aug 2023 | £539,735 | £530,000 | 8 TOWN END CLOSE |
| 14 Jan 2022 | £492,992 | £465,000 | 26 CARLOS STREET |
| 8 Oct 2021 | £741,255 | £665,000 | HIGHVIEW LATIMER ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 11 Sep 2020. Using an estimated price of £321,182 means this house is valued at £6,176 per sq meter (£573 per sq foot).
The average size of a house on LATIMER ROAD is 88 sq meters (952 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Parking Area |