£244,380
This estimated value is based upon the latest sale price for the house of £185,000 on 22 Dec 2016. This value is then adjusted by the current Official House Price Index for BOURNEMOUTH 1
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| Price Paid | Date |
|---|---|
| £185,000 | 22 Dec 2016 |
| £162,000 | 25 Sep 2009 |
| £146,000 | 26 Nov 2002 |
| £56,000 | 27 Jun 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 sq feet |
This model uses changes in the Official Land Registry House Price Index for BOURNEMOUTH to estimate the market value.
When this house was purchased in December 2016 the House Price Index for BOURNEMOUTH was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £185,000 results in an estimated price of approximately £244,380.
| 22 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £185,000 | £59,380 | £244,380 |
The Postcode Pricing Model uses changes in average sales price within the BH8 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 | 31.100 % | £57,535 | £242,535 |
| 3 Month Average | 45.682 % | £84,511 | £269,511 |
| 6 Month Average | 38.483 % | £71,192 | £256,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £111,716 | £110,000 | FLAT 5 WALMER COURT, 59 WELLINGTON ROAD |
| 24 Aug 2023 | £142,571 | £140,000 | FLAT 2 PORTCHESTER HOUSE, 76 PORTCHESTER ROAD |
| 2 Jun 2023 | £234,703 | £230,000 | FLAT 3 WELLESLEY HOUSE, 55 WELLINGTON ROAD |
| 5 Jul 2022 | £222,227 | £220,000 | FLAT 2 3 MILTON ROAD |
| 31 May 2022 | £133,477 | £130,000 | FLAT 5 3 MILTON ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 5 Feb 2014. Using an estimated price of £244,380 means this house is valued at £3,702 per sq meter (£343 per sq foot).
The average size of a house on WELLINGTON ROAD is 59 sq meters (643 sq feet).