£319,077
This estimated value is based upon the latest sale price for the house of £270,000 on 26 Oct 2020. 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 |
|---|---|
| £270,000 | 26 Oct 2020 |
| £259,950 | 20 Feb 2017 |
| £179,000 | 27 Feb 2013 |
| £60,000 | 29 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 October 2020 the House Price Index for SURREY was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £270,000 results in an estimated price of approximately £319,077.
| 26 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £270,000 | £49,077 | £319,077 |
The Postcode Pricing Model uses changes in average sales price within the GU2 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 | -3.857 % | £-10,414 | £259,585 |
| 3 Month Average | 5.623 % | £15,183 | £285,183 |
| 6 Month Average | 10.634 % | £28,710 | £298,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £469,717 | £462,500 | 1 FAIRBORNE WAY |
| 24 Mar 2023 | £416,963 | £410,000 | 13 LYNCHMERE PLACE |
| 2 Feb 2023 | £578,867 | £575,000 | 21 CARDWELLS KEEP |
| 5 Aug 2022 | £416,950 | £415,000 | 9 LYNCHMERE PLACE |
| 14 Jun 2022 | £434,283 | £425,000 | 6 FAIRBORNE WAY |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 13 Oct 2012. Using an estimated price of £319,077 means this house is valued at £6,136 per sq meter (£570 per sq foot).
The average size of a house on JOHN RUSSELL CLOSE is 60 sq meters (653 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Under investigation | On or near Somertons Close |
| Aug 2024 | Public order | Under investigation | On or near Somertons Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lynchmere Place |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lynchmere Place |
| Oct 2024 | Other theft | Under investigation | On or near Petrol Station |