£711,501
This estimated value is based upon the latest sale price for the house of £625,000 on 7 May 2021. This value is then adjusted by the current Official House Price Index for TORBAY 1
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| Price Paid | Date |
|---|---|
| £625,000 | 7 May 2021 |
| £300,000 | 20 Jun 2017 |
| Detached |
| Freehold |
| Floor Area: 260 sq meters or 2,798 sq feet |
This model uses changes in the Official Land Registry House Price Index for TORBAY to estimate the market value.
When this house was purchased in May 2021 the House Price Index for TORBAY was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £625,000 results in an estimated price of approximately £711,501.
| 7 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 149.7 | 13.840 % | £625,000 | £86,501 | £711,501 |
The Postcode Pricing Model uses changes in average sales price within the TQ5 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 | -7.876 % | £-49,227 | £575,772 |
| 3 Month Average | 33.021 % | £206,378 | £831,378 |
| 6 Month Average | 16.842 % | £105,264 | £730,264 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Aug 2024 | £300,000 | £300,000 | 25 NEW ROAD |
| 24 Mar 2023 | £457,643 | £450,000 | JEWSON LTD NEW ROAD |
| 28 Feb 2023 | £498,329 | £495,000 | 11 LANGLEY AVENUE |
| 23 Jan 2023 | £610,632 | £609,000 | 54 LANGLEY AVENUE |
| 11 Feb 2022 | £412,018 | £390,000 | 34 LANGLEY AVENUE |
This house has a floor area of 260 sq meters or 2,798 sq feet when measured on 30 Oct 2019. Using an estimated price of £711,502 means this house is valued at £2,736 per sq meter (£254 per sq foot).
The average size of a house on PARKHAM LANE is 257 sq meters (2,766 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Shopping Area | |
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Shopping Area |
| Aug 2024 | Drugs | Formal action is not in the public interest | On or near Shopping Area |
| Jun 2024 | Other theft | Under investigation | On or near Shopping Area |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Shopping Area |