£924,969
This estimated value is based upon the latest sale price for the house of £195,000 on 29 May 1998. 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 |
|---|---|
| £195,000 | 29 May 1998 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 May 1998 the House Price Index for SURREY was 31.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 374.343%.Applying this 374.343% change to the original purchase price of £195,000 results in an estimated price of approximately £924,969.
| 29 May 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 149.7 | 374.343 % | £195,000 | £729,969 | £924,969 |
The Postcode Pricing Model uses changes in average sales price within the GU2 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 | 294.987 % | £575,225 | £770,225 |
| 3 Month Average | 360.146 % | £702,284 | £897,284 |
| 6 Month Average | 372.103 % | £725,601 | £920,601 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £482,412 | £475,000 | FLAT 5 QUEENS PLACE DENZIL ROAD |
| 30 Nov 2023 | £1,067,087 | £1,040,000 | 44 WODELAND AVENUE |
| 23 Nov 2023 | £461,720 | £450,000 | FLAT 10 QUEENS PLACE DENZIL ROAD |
| 17 Aug 2023 | £233,206 | £229,000 | FLAT 1 14 DENZIL ROAD |
| 19 Apr 2023 | £419,853 | £412,000 | 7 DENZIL ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 22 Nov 2019. Using an estimated price of £924,970 means this house is valued at £9,840 per sq meter (£914 per sq foot).
The average size of a house on FARNHAM ROAD is 96 sq meters (1,036 sq feet).