£659,767
This estimated value is based upon the latest sale price for the house of £650,000 on 22 Nov 2023. This value is then adjusted by the current Official House Price Index for TORBAY 1
There has been one burglary within the last year on or near Wheatridge Lane
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| Price Paid | Date |
|---|---|
| £650,000 | 22 Nov 2023 |
| £500,000 | 26 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 217 sq meters or 2,335 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 November 2023 the House Price Index for TORBAY was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £650,000 results in an estimated price of approximately £659,767.
| 22 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £650,000 | £9,767 | £659,767 |
The Postcode Pricing Model uses changes in average sales price within the TQ2 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 | 3.744 % | £24,333 | £674,333 |
| 3 Month Average | 2.433 % | £15,813 | £665,813 |
| 6 Month Average | -6.232 % | £-40,504 | £609,495 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £659,768 | £650,000 | SPRINGFIELD WHEATRIDGE LANE |
| 23 Aug 2023 | £398,486 | £395,000 | 6 SOUTH SANDS TORBAY ROAD |
| 1 Sep 2022 | £317,437 | £320,000 | FLAT 5 BROADPARK COURT, 12 BROADPARK ROAD |
| 25 Aug 2022 | £907,557 | £910,000 | 6 MANSCOMBE ROAD |
| 20 May 2022 | £254,801 | £250,000 | FLAT 1 BROADPARK COURT, 12 BROADPARK ROAD |
This house has a floor area of 217 sq meters or 2,335 sq feet when measured on 15 Nov 2016. Using an estimated price of £659,768 means this house is valued at £3,040 per sq meter (£282 per sq foot).
The average size of a house on WHEATRIDGE LANE is 177 sq meters (1,911 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Wheatridge Lane |
| Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Woodleys Meadow |
| Jan 2024 | Public order | Under investigation | On or near Mead Road |
| Dec 2023 | Other crime | Under investigation | On or near Mead Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Headland Road |