£199,503
This estimated value is based upon the latest sale price for the house of £118,500 on 25 May 2012. This value is then adjusted by the current Official House Price Index for CITY OF PETERBOROUGH 1
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| Price Paid | Date |
|---|---|
| £118,500 | 25 May 2012 |
| £93,000 | 13 May 2011 |
| Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF PETERBOROUGH to estimate the market value.
When this house was purchased in May 2012 the House Price Index for CITY OF PETERBOROUGH was 87.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.357%.Applying this 68.357% change to the original purchase price of £118,500 results in an estimated price of approximately £199,503.
| 25 May 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 146.7 | 68.357 % | £118,500 | £81,003 | £199,503 |
The Postcode Pricing Model uses changes in average sales price within the PE1 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 | 166.307 % | £197,074 | £315,574 |
| 3 Month Average | 114.652 % | £135,863 | £254,363 |
| 6 Month Average | 83.424 % | £98,857 | £217,357 |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 18 Jun 2013.
The average size of a house on WELLAND CLOSE is 83 sq meters (897 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Welland Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welland Close |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Welland Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welland Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welland Close |