£325,272
This estimated value is based upon the latest sale price for the house of £191,750 on 28 Sep 2006. This value is then adjusted by the current Official House Price Index for READING 1
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159 Friar Street, Reading, RG1 1HE
Phone: 01184439283
| Price Paid | Date |
|---|---|
| £191,750 | 28 Sep 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 sq feet |
This model uses changes in the Official Land Registry House Price Index for READING to estimate the market value.
When this house was purchased in September 2006 the House Price Index for READING was 87.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 69.633%.Applying this 69.633% change to the original purchase price of £191,750 results in an estimated price of approximately £325,272.
| 28 Sep 2006 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.0 | 69.633 % | £191,750 | £133,522 | £325,272 |
The Postcode Pricing Model uses changes in average sales price within the RG1 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 | 42.884 % | £82,230 | £273,980 |
| 3 Month Average | 44.083 % | £84,528 | £276,278 |
| 6 Month Average | 60.791 % | £116,566 | £308,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jun 2022 | £186,894 | £185,000 | FLAT 203 GARRARD HOUSE, 30 GARRARD STREET |
| 4 Mar 2022 | £212,608 | £206,000 | FLAT 34 PROJECTION WEST MERCHANTS PLACE |
| 16 Feb 2021 | £282,659 | £250,000 | FLAT 21 PROJECTION WEST MERCHANTS PLACE |
| 11 Oct 2019 | £254,045 | £208,000 | FLAT 19 PROJECTION WEST MERCHANTS PLACE |
| 11 Feb 2019 | £319,873 | £260,000 | FLAT 12 PROJECTION WEST MERCHANTS PLACE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 14 Aug 2018. Using an estimated price of £325,272 means this house is valued at £5,513 per sq meter (£512 per sq foot).
The average size of a house on MERCHANTS PLACE is 58 sq meters (625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Merchants Place |
| Mar 2024 | Public order | Under investigation | On or near Merchants Place |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Merchants Place |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Merchants Place |
| Jan 2024 | Anti-social behaviour | On or near Merchants Place |