£368,806
This estimated value is based upon the latest sale price for the house of £305,000 on 1 Jul 2020. This value is then adjusted by the current Official House Price Index for DORSET 1
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| Price Paid | Date |
|---|---|
| £305,000 | 1 Jul 2020 |
| £245,000 | 14 Jul 2010 |
| £210,000 | 8 Jul 2003 |
| £185,000 | 2 Aug 2002 |
| £167,500 | 22 Nov 2001 |
| Freehold |
| Floor Area: 82 sq meters or 882 sq feet |
This model uses changes in the Official Land Registry House Price Index for DORSET to estimate the market value.
When this house was purchased in July 2020 the House Price Index for DORSET was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £305,000 results in an estimated price of approximately £368,806.
| 1 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £305,000 | £63,806 | £368,806 |
The Postcode Pricing Model uses changes in average sales price within the BH23 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 | 10.752 % | £32,794 | £337,794 |
| 3 Month Average | 25.344 % | £77,298 | £382,298 |
| 6 Month Average | 23.211 % | £70,792 | £375,792 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £582,844 | £575,000 | 29 BURE LANE |
| 21 Jul 2023 | £729,823 | £720,000 | 10 WREN CLOSE |
| 11 Jul 2023 | £506,821 | £500,000 | 37 BURE LANE |
| 28 Jun 2023 | £804,748 | £795,000 | 8 AVON RUN CLOSE |
| 11 Nov 2022 | £464,375 | £470,000 | 38 BURE LANE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 19 Sep 2018. Using an estimated price of £368,807 means this house is valued at £4,497 per sq meter (£417 per sq foot).
The average size of a house on BURE LANE is 116 sq meters (1,257 sq feet).