£227,265
This estimated value is based upon the latest sale price for the house of £182,500 on 31 May 2019. This value is then adjusted by the current Official House Price Index for TORBAY 1
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| Price Paid | Date |
|---|---|
| £182,500 | 31 May 2019 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 sq feet |
This model uses changes in the Official Land Registry House Price Index for TORBAY to estimate the market value.
When this house was purchased in May 2019 the House Price Index for TORBAY was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £182,500 results in an estimated price of approximately £227,265.
| 31 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £182,500 | £44,765 | £227,265 |
The Postcode Pricing Model uses changes in average sales price within the TQ2 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 | -20.532 % | £-37,470 | £145,029 |
| 3 Month Average | 6.909 % | £12,608 | £195,108 |
| 6 Month Average | 21.122 % | £38,547 | £221,047 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £276,006 | £269,000 | 1 SUTTON CLOSE |
| 30 Nov 2023 | £118,376 | £115,371 | 11 SUTTON CLOSE |
| 3 Nov 2023 | £246,251 | £240,000 | 42 VELLAND AVENUE |
| 14 Apr 2023 | £275,146 | £270,000 | 17 VELLAND AVENUE |
| 6 Feb 2023 | £206,379 | £205,000 | 61 VELLAND AVENUE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 18 Feb 2019. Using an estimated price of £227,265 means this house is valued at £3,551 per sq meter (£329 per sq foot).
The average size of a house on VELLAND AVENUE is 74 sq meters (805 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Velland Avenue | |
| Apr 2024 | Anti-social behaviour | On or near The Mount | |
| Apr 2024 | Anti-social behaviour | On or near The Mount | |
| Apr 2024 | Anti-social behaviour | On or near The Mount | |
| Apr 2024 | Anti-social behaviour | On or near The Mount |