£315,562
This estimated value is based upon the latest sale price for the house of £262,000 on 16 Mar 2020. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £262,000 | 16 Mar 2020 |
| Detached |
| Freehold |
| Floor Area: 57 sq meters or 613 sq feet |
This model uses changes in the Official Land Registry House Price Index for GLOUCESTERSHIRE to estimate the market value.
When this house was purchased in March 2020 the House Price Index for GLOUCESTERSHIRE was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £262,000 results in an estimated price of approximately £315,562.
| 16 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £262,000 | £53,562 | £315,562 |
The Postcode Pricing Model uses changes in average sales price within the GL51 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 | 51.941 % | £136,086 | £398,086 |
| 3 Month Average | 20.190 % | £52,897 | £314,897 |
| 6 Month Average | 13.279 % | £34,791 | £296,791 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £280,454 | £278,000 | 31 WELLS CLOSE |
| 1 Feb 2023 | £399,731 | £400,000 | 17 WELLS CLOSE |
| 27 Jan 2023 | £585,243 | £588,000 | 25 DAVALLIA DRIVE |
| 1 Aug 2022 | £332,694 | £333,590 | 9A WELLS CLOSE |
| 15 Jul 2022 | £531,431 | £530,000 | 24 DAVALLIA DRIVE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 12 Aug 2019. Using an estimated price of £315,562 means this house is valued at £5,536 per sq meter (£514 per sq foot).
The average size of a house on FARMFIELD ROAD is 88 sq meters (953 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wells Close |
| Jan 2024 | Anti-social behaviour | On or near Farmfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Farmfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Farmfield Road | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Ferndales Close |