£1,741,334
This estimated value is based upon the latest sale price for the house of £1,622,500 on 26 Sep 2021. This value is then adjusted by the current Official House Price Index for PORTSMOUTH 1
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| Price Paid | Date |
|---|---|
| £1,622,500 | 26 Sep 2021 |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for PORTSMOUTH to estimate the market value.
When this house was purchased in September 2021 the House Price Index for PORTSMOUTH was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £1,622,500 results in an estimated price of approximately £1,741,334.
| 26 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £1,622,500 | £118,834 | £1,741,334 |
The Postcode Pricing Model uses changes in average sales price within the PO6 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 | -19.624 % | £-318,401 | £1,304,098 |
| 3 Month Average | 14.387 % | £233,425 | £1,855,925 |
| 6 Month Average | 10.081 % | £163,562 | £1,786,062 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £248,186 | £245,000 | 35 ELKSTONE ROAD |
| 4 Apr 2023 | £350,606 | £348,000 | 1 COVERACK WAY |
| 31 Jan 2023 | £505,559 | £510,000 | 16 COVERACK WAY |
| 2 Aug 2022 | £645,638 | £650,000 | 42 COVERACK WAY |
| 19 Jan 2022 | £2,803,824 | £2,675,000 | BAY HOUSE COMPASS ROAD |