£88,493
This estimated value is based upon the latest sale price for the house of £47,498 on 1 May 2009. This value is then adjusted by the current Official House Price Index for MILTON KEYNES 1
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302 South Row, Milton Keynes, MK9 2FR
Phone: 01280466933
| Price Paid | Date |
|---|---|
| £47,498 | 1 May 2009 |
| £98,678 | 7 Nov 2008 |
| 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 MILTON KEYNES to estimate the market value.
When this house was purchased in May 2009 the House Price Index for MILTON KEYNES was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.309%.Applying this 86.309% change to the original purchase price of £47,498 results in an estimated price of approximately £88,493.
| 1 May 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.309 % | £47,498 | £40,995 | £88,493 |
The Postcode Pricing Model uses changes in average sales price within the MK9 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 | 34.756 % | £16,508 | £64,006 |
| 3 Month Average | 93.805 % | £44,555 | £92,053 |
| 6 Month Average | 105.857 % | £50,280 | £97,778 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jan 2023 | £295,790 | £295,000 | FLAT 34 PEARL HOUSE, 10 MERRIVALE MEWS |
| 7 Jan 2022 | £238,545 | £225,000 | FLAT 42 PEARL HOUSE, 10 MERRIVALE MEWS |
| 6 Nov 2020 | £268,625 | £230,000 | FLAT 14 PEARL HOUSE, 10 MERRIVALE MEWS |
| 12 Mar 2020 | £265,724 | £219,000 | FLAT 73 JADE HOUSE, 325 SOUTH ROW |
| 8 Oct 2019 | £339,735 | £275,000 | FLAT 25 JASPER HOUSE, 9 MERRIVALE MEWS |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 8 Nov 2018. Using an estimated price of £88,493 means this house is valued at £1,340 per sq meter (£124 per sq foot).
The average size of a house on MERRIVALE MEWS is 55 sq meters (599 sq feet).