This estimated value is based upon the latest sale price for the house of £28,500 on 27 May 2014. This value is then adjusted by the current Official House Price Index for BLAENAU GWENT1
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|£28,500||27 May 2014|
|£42,000||1 Mar 2013|
|£41,000||5 Oct 2011|
|£7,095||26 Jul 1999|
This model uses changes in the Official Land Registry House Price Index for BLAENAU GWENT to estimate the market value.
When this house was purchased in May 2014 the House Price Index for BLAENAU GWENT was 182.8.The House Price Index as of 1 Jul 2014 is 185.1 which is a change of 1.254%.
Applying this 1.254% change to the original purchase price of £28,500 gives us an estimated price now of around £28,857.
|27 May 2014||1 Jul 2014||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the NP23 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||-2.040 %||£-581||£27,918|
|3 Month Average||3.582 %||£1,020||£29,520|
|6 Month Average||-2.268 %||£-646||£27,853|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 2014 the average sale price for the 50 nearest sales within six miles of 1 THE CRESCENT was £76,532.
In July 2014 the average sale price for the 50 nearest sales was £85,176. This is a change of 11.295%.
So taking the original purchase price of £28,500 and adjusting it by 11.295% gives an estimated price of £31,718.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 27 May 2014||Average price on 31 Jul 2014||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|27 May 2014||£28,857||£28,500||1 THE CRESCENT|
|20 May 2014||£126,568||£125,000||THE HAVEN HIGH STREET|
|2 May 2014||£75,890||£74,950||117 QUEEN STREET|
|20 Dec 2013||£125,853||£117,500||98 QUEEN STREET|
|28 Oct 2013||£104,450||£99,000||92 QUEEN STREET|
|Jul 2014||Anti-social behaviour||On or near The Crescent|
|Jul 2014||Other theft||Under investigation||On or near The Crescent|
|Jul 2014||Other theft||Investigation complete; no suspect identified||On or near The Crescent|
|Jun 2014||Criminal damage and arson||Under investigation||On or near The Crescent|
|May 2014||Anti-social behaviour||On or near The Crescent|