£322,454
This estimated value is based upon the latest sale price for the house of £317,500 on 27 Mar 2024. This value is then adjusted by the current Official House Price Index for CAMBRIDGESHIRE 1
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| Price Paid | Date |
|---|---|
| £317,500 | 27 Mar 2024 |
| £222,000 | 30 May 2008 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 802 sq feet |
This model uses changes in the Official Land Registry House Price Index for CAMBRIDGESHIRE to estimate the market value.
When this house was purchased in March 2024 the House Price Index for CAMBRIDGESHIRE was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £317,500 results in an estimated price of approximately £322,454.
| 27 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 149.7 | 1.560 % | £317,500 | £4,954 | £322,454 |
The Postcode Pricing Model uses changes in average sales price within the CB7 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 | -21.799 % | £-69,211 | £248,288 |
| 3 Month Average | -6.605 % | £-20,970 | £296,529 |
| 6 Month Average | -9.238 % | £-29,330 | £288,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £345,000 | £345,000 | 21 MERIVALE WAY |
| 5 Apr 2024 | £337,935 | £335,000 | 19 MERIVALE WAY |
| 27 Mar 2024 | £322,454 | £317,500 | 7 MERIVALE WAY |
| 28 Sep 2023 | £414,129 | £405,000 | 40 MERIVALE WAY |
| 20 Jan 2023 | £189,506 | £189,000 | 106 MERIVALE WAY |
This house has a floor area of 74 sq meters or 802 sq feet when measured on 2 Aug 2011. Using an estimated price of £322,454 means this house is valued at £4,322 per sq meter (£401 per sq foot).
The average size of a house on MERIVALE WAY is 83 sq meters (901 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Local resolution | On or near Merivale Way |
| Aug 2024 | Public order | Under investigation | On or near Merivale Way |
| Aug 2024 | Public order | Local resolution | On or near Merivale Way |
| Jul 2024 | Possession of weapons | Under investigation | On or near Merivale Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Summerhayes |