£357,643
This estimated value is based upon the latest sale price for the house of £270,000 on 7 Oct 2016. This value is then adjusted by the current Official House Price Index for TORBAY 1
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| Price Paid | Date |
|---|---|
| £270,000 | 7 Oct 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 October 2016 the House Price Index for TORBAY was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £270,000 results in an estimated price of approximately £357,643.
| 7 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £270,000 | £87,643 | £357,643 |
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 | 102.097 % | £275,661 | £545,661 |
| 3 Month Average | 36.227 % | £97,812 | £367,812 |
| 6 Month Average | 30.843 % | £83,275 | £353,275 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £305,170 | £302,500 | 117 HIGHLAND ROAD |
| 18 Jan 2023 | £253,804 | £255,000 | 20 WEEKSLAND ROAD |
| 12 Jan 2023 | £268,734 | £270,000 | 48 DRAKE AVENUE |
| 4 Oct 2022 | £420,473 | £425,000 | 24 DRAKE AVENUE |
| 26 May 2022 | £168,169 | £165,000 | 31 DRAKE AVENUE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 19 Jul 2016. Using an estimated price of £357,643 means this house is valued at £2,955 per sq meter (£274 per sq foot).
The average size of a house on DRAKE AVENUE is 94 sq meters (1,021 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Drake Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Nut Bush Lane |
| Mar 2024 | Anti-social behaviour | On or near Nut Bush Lane | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Highland Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Weeksland Road |