£453,309
This estimated value is based upon the latest sale price for the house of £420,000 on 10 Dec 2021. This value is then adjusted by the current Official House Price Index for CAMBRIDGESHIRE 1
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| Price Paid | Date |
|---|---|
| £420,000 | 10 Dec 2021 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 sq feet |
This model uses changes in the Official Land Registry House Price Index for CAMBRIDGESHIRE to estimate the market value.
When this house was purchased in December 2021 the House Price Index for CAMBRIDGESHIRE was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £420,000 results in an estimated price of approximately £453,309.
| 10 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £420,000 | £33,309 | £453,309 |
The Postcode Pricing Model uses changes in average sales price within the CB6 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 | -19.717 % | £-82,811 | £337,188 |
| 3 Month Average | 4.093 % | £17,190 | £437,190 |
| 6 Month Average | 5.328 % | £22,376 | £442,376 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £398,574 | £392,450 | 8 MERLIN DRIVE |
| 8 Nov 2023 | £395,027 | £385,000 | 38 MERLIN DRIVE |
| 1 Nov 2023 | £487,371 | £475,000 | 49 MERLIN DRIVE |
| 8 Sep 2023 | £373,227 | £365,000 | 51 UPHERDS LANE |
| 30 Aug 2023 | £341,153 | £335,000 | 32 MERLIN DRIVE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 24 Aug 2021. Using an estimated price of £453,309 means this house is valued at £3,809 per sq meter (£353 per sq foot).
The average size of a house on MERLIN DRIVE is 100 sq meters (1,080 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Unable to prosecute suspect | On or near Robins Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Christopher Tye Close |
| Jun 2024 | Anti-social behaviour | On or near Christopher Tye Close | |
| Jun 2024 | Anti-social behaviour | On or near Christopher Tye Close | |
| Jun 2024 | Anti-social behaviour | On or near Christopher Tye Close |