£295,289
This estimated value is based upon the latest sale price for the house of £235,000 on 10 May 2018. This value is then adjusted by the current Official House Price Index for CAMBRIDGESHIRE 1
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2 Dukes Court, 54-62 Newmarket Road, Cambridge, CB5 8DZ
Phone: 01223784741
Price Paid | Date |
---|---|
£235,000 | 10 May 2018 |
Flats/Maisonettes |
Leasehold |
Floor Area: 69 sq meters or 742 sq feet |
This model uses changes in the Official Land Registry House Price Index for CAMBRIDGESHIRE to estimate the market value.
When this house was purchased in May 2018 the House Price Index for CAMBRIDGESHIRE was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £235,000 results in an estimated price of approximately £295,289.
10 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 149.7 | 25.655 % | £235,000 | £60,289 | £295,289 |
The Postcode Pricing Model uses changes in average sales price within the CB4 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 | 4.160 % | £9,774 | £244,774 |
3 Month Average | 3.562 % | £8,371 | £243,371 |
6 Month Average | 21.704 % | £51,005 | £286,005 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 May 2024 | £525,000 | £525,000 | 34B PAKENHAM CLOSE |
14 Apr 2023 | £346,481 | £340,000 | 3 CODON COURT UNION LANE |
31 Mar 2023 | £283,942 | £279,200 | 4 CODON COURT UNION LANE |
28 Mar 2023 | £611,207 | £601,000 | MERE HOUSE, 39 PAKENHAM CLOSE |
22 Jul 2022 | £514,945 | £509,785 | 99 UNION LANE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 10 Apr 2017. Using an estimated price of £295,290 means this house is valued at £4,279 per sq meter (£397 per sq foot).
The average size of a house on UNION LANE is 78 sq meters (839 sq feet).