£193,225
This estimated value is based upon the latest sale price for the house of £185,000 on 2 Feb 2022. This value is then adjusted by the current Official House Price Index for BOURNEMOUTH 1
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| Price Paid | Date |
|---|---|
| £185,000 | 2 Feb 2022 |
| £179,950 | 12 Jun 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 sq feet |
This model uses changes in the Official Land Registry House Price Index for BOURNEMOUTH to estimate the market value.
When this house was purchased in February 2022 the House Price Index for BOURNEMOUTH was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £185,000 results in an estimated price of approximately £193,225.
| 2 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £185,000 | £8,225 | £193,225 |
The Postcode Pricing Model uses changes in average sales price within the BH1 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 | -20.246 % | £-37,455 | £147,544 |
| 3 Month Average | -14.888 % | £-27,542 | £157,457 |
| 6 Month Average | 5.482 % | £10,141 | £195,141 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £543,304 | £540,000 | FLAT 701 BRUNEL HOUSE, 148 CHRISTCHURCH WAY |
| 16 Jun 2023 | £221,798 | £220,000 | 15 THE CITRUS BUILDING, 24 MADEIRA ROAD |
| 21 Apr 2023 | £604,493 | £600,000 | 8 TRINITY, 161 OLD CHRISTCHURCH ROAD |
| 23 Jan 2023 | £644,340 | £650,000 | FLAT 602 BRUNEL HOUSE, 148 CHRISTCHURCH WAY |
| 18 Jan 2023 | £307,301 | £310,000 | FLAT 12 THE PINES, 16A MADEIRA ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 11 Jul 2014. Using an estimated price of £193,225 means this house is valued at £3,450 per sq meter (£320 per sq foot).
The average size of a house on MADEIRA ROAD is 61 sq meters (659 sq feet).