£990,418
This estimated value is based upon the latest sale price for the house of £880,000 on 24 May 2021. This value is then adjusted by the current Official House Price Index for SURREY 1
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9 Nork Way, Banstead, Surrey,, SM7 1NT
Phone: 01737483619
| Price Paid | Date |
|---|---|
| £880,000 | 24 May 2021 |
| £450,000 | 9 Jun 2006 |
| Detached |
| Freehold |
| Floor Area: 147 sq meters or 1,582 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 May 2021 the House Price Index for SURREY was 131.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 12.548%.Applying this 12.548% change to the original purchase price of £880,000 results in an estimated price of approximately £990,418.
| 24 May 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 148.0 | 12.548 % | £880,000 | £110,418 | £990,418 |
The Postcode Pricing Model uses changes in average sales price within the SM7 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 | -3.262 % | £-28,703 | £851,296 |
| 3 Month Average | -13.645 % | £-120,078 | £759,921 |
| 6 Month Average | 18.645 % | £164,079 | £1,044,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £754,689 | £745,000 | 4 SHELLEY CLOSE |
| 16 Jan 2023 | £1,006,162 | £1,015,000 | 125 NORK WAY |
| 2 Sep 2022 | £938,585 | £950,000 | 41 LARCHWOOD CLOSE |
| 26 Aug 2022 | £417,181 | £420,000 | 4 ROWAN CLOSE |
| 9 Jun 2022 | £939,522 | £930,000 | 28 ROUNDWOOD VIEW |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 18 Jun 2020. Using an estimated price of £990,418 means this house is valued at £6,737 per sq meter (£625 per sq foot).
The average size of a house on NORK WAY is 128 sq meters (1,386 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Nork Way |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shelley Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parsonsfield Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parsonsfield Road |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Beacon Close |