£271,815
This estimated value is based upon the latest sale price for the house of £220,000 on 11 Nov 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 |
|---|---|
| £220,000 | 11 Nov 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 November 2019 the House Price Index for SURREY was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £220,000 results in an estimated price of approximately £271,815.
| 11 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £220,000 | £51,815 | £271,815 |
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 | -19.228 % | £-42,300 | £177,699 |
| 3 Month Average | 13.225 % | £29,094 | £249,094 |
| 6 Month Average | 26.015 % | £57,232 | £277,232 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £304,681 | £300,000 | 4 BROAD ACRES |
| 15 Nov 2023 | £210,339 | £205,000 | 5 SYCAMORE COURT |
| 3 Nov 2023 | £538,674 | £525,000 | 1 ELM ROAD |
| 19 Oct 2023 | £192,369 | £188,000 | 6 SYCAMORE COURT |
| 12 Apr 2023 | £535,007 | £525,000 | 88 LONG GORE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 12 Feb 2019. Using an estimated price of £271,815 means this house is valued at £3,828 per sq meter (£355 per sq foot).
The average size of a house on LONG GORE is 93 sq meters (1,003 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Long Gore |