£229,186
This estimated value is based upon the latest sale price for the house of £187,000 on 16 Aug 2019. This value is then adjusted by the current Official House Price Index for PORTSMOUTH 1
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| Price Paid | Date |
|---|---|
| £187,000 | 16 Aug 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 990 sq feet |
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 August 2019 the House Price Index for PORTSMOUTH was 120.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.560%.Applying this 22.560% change to the original purchase price of £187,000 results in an estimated price of approximately £229,186.
| 16 Aug 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.0 | 22.560 % | £187,000 | £42,186 | £229,186 |
The Postcode Pricing Model uses changes in average sales price within the PO5 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 | 0.446 % | £833 | £187,833 |
| 3 Month Average | 16.580 % | £31,004 | £218,004 |
| 6 Month Average | 11.093 % | £20,744 | £207,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £7,293,634 | £7,200,000 | 44 - 66 PALMERSTON ROAD |
| 4 Aug 2023 | £120,734 | £120,000 | FLAT 1 PORTLAND COURT, 40 KENT ROAD |
| 31 Jul 2023 | £178,690 | £177,000 | 18 MARMION ROAD |
| 28 Feb 2023 | £273,705 | £275,000 | 29 PALMERSTON ROAD |
| 27 Jul 2022 | £848,853 | £850,000 | 1 ST JUDES CLOSE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 3 Sep 2012. Using an estimated price of £229,186 means this house is valued at £2,491 per sq meter (£231 per sq foot).
The average size of a house on PALMERSTON ROAD is 76 sq meters (823 sq feet).