£270,713
This estimated value is based upon the latest sale price for the house of £157,700 on 31 Aug 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 |
|---|---|
| £157,700 | 31 Aug 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 August 2006 the House Price Index for READING was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.664%.Applying this 71.664% change to the original purchase price of £157,700 results in an estimated price of approximately £270,713.
| 31 Aug 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.664 % | £157,700 | £113,013 | £270,713 |
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 | 47.461 % | £74,846 | £232,546 |
| 3 Month Average | 51.754 % | £81,615 | £239,315 |
| 6 Month Average | 64.526 % | £101,757 | £259,457 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £172,202 | £170,000 | FLAT 103 GARRARD HOUSE, 30 GARRARD STREET |
| 4 Mar 2022 | £213,470 | £206,000 | FLAT 34 PROJECTION WEST MERCHANTS PLACE |
| 16 Feb 2021 | £283,804 | £250,000 | FLAT 21 PROJECTION WEST MERCHANTS PLACE |
| 12 Feb 2020 | £305,872 | £250,000 | FLAT 3 GARRARD HOUSE, 30 GARRARD STREET |
| 11 Oct 2019 | £255,075 | £208,000 | FLAT 19 PROJECTION WEST MERCHANTS PLACE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 18 Oct 2016. Using an estimated price of £270,713 means this house is valued at £5,308 per sq meter (£493 per sq foot).
The average size of a house on MERCHANTS PLACE is 58 sq meters (625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Merchants Place |
| Mar 2024 | Public order | Under investigation | On or near Merchants Place |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Merchants Place |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merchants Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Merchants Place |