£114,061
This estimated value is based upon the latest sale price for the house of £52,000 on 10 Dec 2003. This value is then adjusted by the current Official House Price Index for WREKIN 1
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| Price Paid | Date |
|---|---|
| £52,000 | 10 Dec 2003 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 sq feet |
This model uses changes in the Official Land Registry House Price Index for WREKIN to estimate the market value.
When this house was purchased in December 2003 the House Price Index for WREKIN was 68.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 119.349%.Applying this 119.349% change to the original purchase price of £52,000 results in an estimated price of approximately £114,061.
| 10 Dec 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 68.2 | 149.7 | 119.349 % | £52,000 | £62,061 | £114,061 |
The Postcode Pricing Model uses changes in average sales price within the TF3 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 | 68.247 % | £35,488 | £87,488 |
| 3 Month Average | 119.502 % | £62,140 | £114,140 |
| 6 Month Average | 92.721 % | £48,215 | £100,215 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £105,415 | £104,500 | 71 BURFORD |
| 6 Mar 2024 | £121,872 | £120,000 | 4 BURTONDALE |
| 7 Dec 2023 | £139,280 | £135,000 | 80 BURFORD |
| 3 Nov 2023 | £86,188 | £84,000 | 23 BURFORD |
| 24 Jan 2023 | £120,321 | £120,000 | 243 BURFORD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 29 Sep 2016. Using an estimated price of £114,062 means this house is valued at £1,462 per sq meter (£135 per sq foot).
The average size of a house on BURFORD is 80 sq meters (868 sq feet).