£309,510
This estimated value is based upon the latest sale price for the house of £300,000 on 20 Dec 2023. 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 |
---|---|
£300,000 | 20 Dec 2023 |
£300,000 | 21 Dec 2015 |
£199,000 | 22 May 2009 |
£214,000 | 27 May 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 71 sq meters or 764 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 December 2023 the House Price Index for SURREY was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £300,000 results in an estimated price of approximately £309,510.
20 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.1 | 149.7 | 3.170 % | £300,000 | £9,510 | £309,510 |
The Postcode Pricing Model uses changes in average sales price within the GU1 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 | -53.086 % | £-159,258 | £140,741 |
3 Month Average | 38.953 % | £116,857 | £416,857 |
6 Month Average | 0.635 % | £1,904 | £301,904 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £309,511 | £300,000 | 61 FARADAY ROAD |
22 Nov 2023 | £297,553 | £290,000 | 49 FARADAY ROAD |
20 Nov 2023 | £302,683 | £295,000 | 26 FARADAY ROAD |
29 Sep 2023 | £230,072 | £225,000 | 74 FARADAY ROAD |
14 Sep 2023 | £291,424 | £285,000 | 67 FARADAY ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 25 Nov 2019. Using an estimated price of £309,511 means this house is valued at £4,359 per sq meter (£404 per sq foot).
The average size of a house on FARADAY ROAD is 68 sq meters (732 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Faraday Road |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Power Close |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Power Close |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Power Close |
Jun 2024 | Public order | Under investigation | On or near Power Close |