£278,452
This estimated value is based upon the latest sale price for the house of £272,500 on 10 Jun 2022. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE 1
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Price Paid | Date |
---|---|
£272,500 | 10 Jun 2022 |
£222,500 | 4 Feb 2015 |
£300,000 | 12 Mar 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 70 sq meters or 753 sq feet |
This model uses changes in the Official Land Registry House Price Index for GLOUCESTERSHIRE to estimate the market value.
When this house was purchased in June 2022 the House Price Index for GLOUCESTERSHIRE was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £272,500 results in an estimated price of approximately £278,452.
10 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.5 | 149.7 | 2.184 % | £272,500 | £5,952 | £278,452 |
The Postcode Pricing Model uses changes in average sales price within the GL50 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 | 42.004 % | £114,460 | £386,960 |
3 Month Average | 18.471 % | £50,333 | £322,833 |
6 Month Average | 5.117 % | £13,943 | £286,443 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £343,725 | £335,000 | 11 VICTORIA RETREAT |
6 Mar 2023 | £675,277 | £664,000 | 5 GRATTON STREET |
1 Mar 2023 | £488,152 | £480,000 | 44 SUFFOLK ROAD |
13 Jan 2023 | £265,710 | £265,000 | FLAT 16 JUBILEE COURT COMMERCIAL STREET |
8 Jul 2022 | £189,398 | £187,500 | 119 BATH ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 10 Jul 2013. Using an estimated price of £278,452 means this house is valued at £3,977 per sq meter (£369 per sq foot).
The average size of a house on COMMERCIAL STREET is 76 sq meters (819 sq feet).