£257,937
This estimated value is based upon the latest sale price for the house of £185,000 on 4 Dec 2015. 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 |
|---|---|
| £185,000 | 4 Dec 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 527 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 December 2015 the House Price Index for SURREY was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £185,000 results in an estimated price of approximately £257,937.
| 4 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £185,000 | £72,937 | £257,937 |
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 | 6.018 % | £11,133 | £196,133 |
| 3 Month Average | 10.802 % | £19,984 | £204,984 |
| 6 Month Average | 15.610 % | £28,879 | £213,879 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £380,851 | £375,000 | 43 HIGH STREET |
| 6 Oct 2023 | £161,160 | £157,500 | FLAT C 2 CROFT ROAD |
| 4 Sep 2023 | £492,865 | £482,000 | 12 POUND LANE |
| 27 Apr 2023 | £698,057 | £685,000 | 17 GREAT GEORGE STREET |
| 20 Jan 2023 | £363,471 | £362,500 | 76A HIGH STREET |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 14 May 2015. Using an estimated price of £257,938 means this house is valued at £5,264 per sq meter (£489 per sq foot).
The average size of a house on GREAT GEORGE STREET is 100 sq meters (1,082 sq feet).