£141,053
This estimated value is based upon the latest sale price for the house of £54,950 on 27 Nov 2002. This value is then adjusted by the current Official House Price Index for TORBAY 1
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| Price Paid | Date |
|---|---|
| £54,950 | 27 Nov 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 569 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 November 2002 the House Price Index for TORBAY was 57.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 156.695%.Applying this 156.695% change to the original purchase price of £54,950 results in an estimated price of approximately £141,053.
| 27 Nov 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 148.6 | 156.695 % | £54,950 | £86,103 | £141,053 |
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 | 185.340 % | £101,844 | £156,794 |
| 3 Month Average | 131.422 % | £72,216 | £127,166 |
| 6 Month Average | 128.309 % | £70,505 | £125,455 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jan 2023 | £109,484 | £110,000 | FLAT 2 22 MELVILLE STREET |
| 18 Jan 2023 | £109,484 | £110,000 | 22 MELVILLE STREET |
| 13 Jan 2023 | £119,388 | £119,950 | FLAT 1 16 ABBEY ROAD |
| 9 Sep 2022 | £1,884,780 | £1,900,000 | ROEBUCK HOUSE ABBEY ROAD |
| 29 Apr 2022 | £51,655 | £50,160 | 5 ABBEY ROAD |
This house has a floor area of 52 sq meters or 569 sq feet when measured on 15 Jul 2011. Using an estimated price of £141,054 means this house is valued at £2,666 per sq meter (£247 per sq foot).
There is one other house on the street which we know the size of, this is 7 MELVILLE LANE it is 129.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Warren Hill | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Warren Hill |