Full Address

18 BERCHAM
TWO MILE ASH
MILTON KEYNES
MILTON KEYNES
UNITED KINGDOM
MK8 8HX

Estimated Market Value

£76,552

This estimated value is based upon the latest sale price for the house of £31,000 on 20 Nov 1998. This value is then adjusted by the current Official House Price Index for MILTON KEYNES1

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Transactions for this house
Price PaidDate
£31,00020 Nov 1998
House Details
Flats/Maisonettes
Leasehold

House Price Models

Land Registry House Price Index Model

This model uses changes in the Official Land Registry House Price Index for MILTON KEYNES to estimate the market value.

When this house was purchased in November 1998 the House Price Index for MILTON KEYNES was 118.0.

The House Price Index as of 1 Jun 2014 is 291.3 which is a change of 146.940%.

Applying this 146.940% change to the original purchase price of £31,000 gives us an estimated price now of around £76,551.

20 Nov 1998 1 Jun 2014 % change Purchase Price Gain / Loss Estimated Price
118.0 291.3 146.940 % £31,000 £45,551 £76,551

The Postcode Pricing Model uses changes in average sales price within the MK8 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 103.903 % £32,209 £63,209
3 Month Average 181.930 % £56,398 £87,398
6 Month Average 183.677 % £56,939 £87,939

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In November 1998 the average sale price for the 50 nearest sales within two miles of 18 BERCHAM was £66,258.

In June 2014 the average sale price for the 50 nearest sales was £189,031. This is a change of 185.295%.

So taking the original purchase price of £31,000 and adjusting it by 185.295% gives an estimated price of £88,441.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 20 Nov 1998 Average price on 30 Jun 2014 % change Purchase Price Gain / Loss Estimated Price
£66,258 £189,031 185.295 % £31,000 £57,441 £88,441
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
31 Oct 2013 £157,008 £148,000 16 DENMEAD
25 Oct 2013 £100,729 £94,950 34 BERCHAM
11 Oct 2013 £160,191 £151,000 37 BERCHAM
24 May 2013 £156,468 £144,000 15 DENMEAD
26 Apr 2013 £135,686 £125,000 43 DOWNLAND

Show these sales on a map

Recent Crimes Near Here
DateCrimeOutcomeWhere
Mar 2014 Anti-social behaviour On or near Bercham
Mar 2014 Anti-social behaviour On or near Bercham
Feb 2014 Anti-social behaviour On or near Bercham
Nov 2013 Anti-social behaviour On or near Bercham
Oct 2013 Bicycle theft On or near Bercham

View full details of these crimes and others in this area

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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