£430,764
This estimated value is based upon the latest sale price for the house of £323,500 on 28 Jul 2016. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £323,500 | 28 Jul 2016 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 sq feet |
This model uses changes in the Official Land Registry House Price Index for GLOUCESTERSHIRE to estimate the market value.
When this house was purchased in July 2016 the House Price Index for GLOUCESTERSHIRE was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £323,500 results in an estimated price of approximately £430,764.
| 28 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £323,500 | £107,264 | £430,764 |
The Postcode Pricing Model uses changes in average sales price within the GL50 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 | 40.339 % | £130,495 | £453,995 |
| 3 Month Average | 5.717 % | £18,494 | £341,994 |
| 6 Month Average | 24.977 % | £80,800 | £404,300 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £1,323,151 | £1,300,000 | 15 CLARENCE SQUARE |
| 24 Nov 2023 | £238,531 | £235,000 | GROUND FLOOR FLAT 2 23 CLARENCE SQUARE |
| 17 Nov 2023 | £170,525 | £168,000 | FLAT 4 20 CLARENCE SQUARE |
| 25 Aug 2023 | £396,468 | £393,000 | 32 MARLE HILL PARADE |
| 16 Aug 2023 | £146,280 | £145,000 | FLAT 2 20 CLARENCE SQUARE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 7 Jan 2016. Using an estimated price of £430,765 means this house is valued at £4,786 per sq meter (£444 per sq foot).
The average size of a house on WELLESLEY ROAD is 93 sq meters (1,002 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Marle Hill Parade | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marle Hill Parade |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marle Hill Parade |
| Mar 2024 | Anti-social behaviour | On or near Marle Hill Parade | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marle Hill Parade |