£266,666
This estimated value is based upon the latest sale price for the house of £240,000 on 4 Aug 2021. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £240,000 | 4 Aug 2021 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 sq feet |
This model uses changes in the Official Land Registry House Price Index for GLOUCESTERSHIRE to estimate the market value.
When this house was purchased in August 2021 the House Price Index for GLOUCESTERSHIRE was 133.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 11.111%.Applying this 11.111% change to the original purchase price of £240,000 results in an estimated price of approximately £266,666.
| 4 Aug 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.0 | 11.111 % | £240,000 | £26,666 | £266,666 |
The Postcode Pricing Model uses changes in average sales price within the GL51 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 | -4.064 % | £-9,752 | £230,247 |
| 3 Month Average | -2.490 % | £-5,975 | £234,024 |
| 6 Month Average | 8.874 % | £21,297 | £261,297 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £228,389 | £227,000 | 7 SPRINGBANK CLOSE |
| 28 Jul 2023 | £287,722 | £285,000 | 35 SPRINGBANK WAY |
| 17 Nov 2022 | £369,016 | £375,000 | 2 CARROL GROVE |
| 2 Sep 2022 | £286,515 | £290,000 | 4 HAZLITT CROFT |
| 27 Jul 2022 | £294,602 | £295,000 | 23 CARROL GROVE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 24 May 2013. Using an estimated price of £266,667 means this house is valued at £3,555 per sq meter (£330 per sq foot).
The average size of a house on SPRINGBANK WAY is 90 sq meters (974 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Blake Croft | |
| Feb 2024 | Anti-social behaviour | On or near Blake Croft | |
| Feb 2024 | Anti-social behaviour | On or near Blake Croft | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springbank Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Honeybourne Drive |