£724,532
This estimated value is based upon the latest sale price for the house of £425,000 on 14 Nov 2012. This value is then adjusted by the current Official House Price Index for DEVON 1
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| Price Paid | Date |
|---|---|
| £425,000 | 14 Nov 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 188 sq meters or 2,023 sq feet |
This model uses changes in the Official Land Registry House Price Index for DEVON to estimate the market value.
When this house was purchased in November 2012 the House Price Index for DEVON was 87.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.478%.Applying this 70.478% change to the original purchase price of £425,000 results in an estimated price of approximately £724,532.
| 14 Nov 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.8 | 149.7 | 70.478 % | £425,000 | £299,532 | £724,532 |
The Postcode Pricing Model uses changes in average sales price within the EX4 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 | 54.072 % | £229,804 | £654,804 |
| 3 Month Average | 47.771 % | £203,027 | £628,027 |
| 6 Month Average | 58.198 % | £247,341 | £672,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £684,000 | £684,000 | 20 VELWELL ROAD |
| 22 Mar 2024 | £1,000,370 | £985,000 | 9 ELM GROVE ROAD |
| 16 Nov 2023 | £117,995 | £115,000 | 56 MARCUS HOUSE NEW NORTH ROAD |
| 26 Apr 2023 | £295,528 | £290,000 | 14 CASTLE MOUNT |
| 31 Jan 2023 | £290,777 | £290,000 | FLAT 3 13 HOWELL ROAD |
This house has a floor area of 188 sq meters or 2,023 sq feet when measured on 16 Jul 2012. Using an estimated price of £724,533 means this house is valued at £3,853 per sq meter (£358 per sq foot).
The average size of a house on VELWELL ROAD is 208 sq meters (2,249 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Castle Mount |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Velwell Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Velwell Road |