£417,839
This estimated value is based upon the latest sale price for the house of £405,000 on 15 Dec 2023. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £405,000 | 15 Dec 2023 |
| £317,995 | 26 Jul 2019 |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 December 2023 the House Price Index for GLOUCESTERSHIRE was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £405,000 results in an estimated price of approximately £417,839.
| 15 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £405,000 | £12,839 | £417,839 |
The Postcode Pricing Model uses changes in average sales price within the GL15 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 | 2.622 % | £10,617 | £415,617 |
| 3 Month Average | 3.090 % | £12,515 | £417,515 |
| 6 Month Average | -6.200 % | £-25,111 | £379,888 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £417,839 | £405,000 | 9 MELVILLE WATTS CLOSE |
| 10 Aug 2023 | £412,439 | £405,000 | 5 MELVILLE WATTS CLOSE |
| 1 Mar 2023 | £180,006 | £177,000 | 17 MEADOWBANK |
| 14 Oct 2022 | £164,451 | £165,000 | 20 MEADOWBANK |
| 1 Jun 2022 | £393,410 | £385,000 | 10 CROOME CLOSE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 10 Jul 2019. Using an estimated price of £417,839 means this house is valued at £3,453 per sq meter (£320 per sq foot).
The average size of a house on MELVILLE WATTS CLOSE is 125 sq meters (1,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Herbert Howells Way |
| Jul 2024 | Anti-social behaviour | On or near Gordon Sargent Close | |
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Gordon Sargent Close |
| Apr 2024 | Anti-social behaviour | On or near Gordon Sargent Close | |
| Apr 2024 | Anti-social behaviour | On or near Gordon Sargent Close |