£1,182,400
This estimated value is based upon the latest sale price for the house of £950,000 on 14 Jun 2019. This value is then adjusted by the current Official House Price Index for SURREY 1
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5 Madrid Road, Guilford, GU2 8BN
Phone: 01483665173
| Price Paid | Date |
|---|---|
| £950,000 | 14 Jun 2019 |
| £495,988 | 7 Apr 2004 |
| Detached |
| Freehold |
| Floor Area: 219 sq meters or 2,357 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 June 2019 the House Price Index for SURREY was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £950,000 results in an estimated price of approximately £1,182,400.
| 14 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £950,000 | £232,400 | £1,182,400 |
The Postcode Pricing Model uses changes in average sales price within the GU7 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 | -33.547 % | £-318,696 | £631,303 |
| 3 Month Average | 19.520 % | £185,438 | £1,135,438 |
| 6 Month Average | 25.704 % | £244,186 | £1,194,186 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jul 2024 | £687,500 | £687,500 | 2 PARKFIELD |
| 15 Dec 2023 | £1,034,281 | £1,002,500 | PATCHINGS THE DRIVE |
| 6 Sep 2023 | £1,680,184 | £1,643,146 | 8 THE PADDOCK |
| 3 Aug 2023 | £1,451,173 | £1,425,000 | THORNBURY HOUSE, 21 CROWNPITS LANE |
| 16 Jun 2023 | £892,894 | £875,000 | 104 BUSBRIDGE LANE |
This house has a floor area of 219 sq meters or 2,357 sq feet when measured on 10 Jan 2019. Using an estimated price of £1,182,401 means this house is valued at £5,399 per sq meter (£501 per sq foot).
The average size of a house on THE DRIVE is 222 sq meters (2,399 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near The Paddock | |
| Oct 2024 | Anti-social behaviour | On or near The Paddock | |
| Sep 2024 | Vehicle crime | Under investigation | On or near The Avenue |
| Nov 2024 | Anti-social behaviour | On or near Crownpits Lane | |
| Oct 2024 | Other theft | Under investigation | On or near Crownpits Lane |