This estimated value is based upon the latest sale price for the house of £750,500 on 30 May 2013. This value is then adjusted by the current Official House Price Index for KENT1
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|£750,500||30 May 2013|
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in May 2013 the House Price Index for KENT was 275.8.The House Price Index as of 1 Aug 2014 is 305.4 which is a change of 10.713%.
Applying this 10.713% change to the original purchase price of £750,500 gives us an estimated price now of around £830,902.
|30 May 2013||1 Aug 2014||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the TN13 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||-1.041 %||£-7,815||£742,684|
|3 Month Average||17.698 %||£132,825||£883,325|
|6 Month Average||5.122 %||£38,439||£788,939|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 2013 the average sale price for the 50 nearest sales within three miles of 25 BULLFINCH LANE was £396,097.
In August 2014 the average sale price for the 50 nearest sales was £474,857. This is a change of 19.884%.
So taking the original purchase price of £750,500 and adjusting it by 19.884% gives an estimated price of £899,729.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 30 May 2013||Average price on 29 Aug 2014||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|30 Jun 2014||£459,670||£450,000||51 BULLFINCH LANE|
|26 Jun 2014||£552,626||£541,000||8 HOMEFIELD ROAD|
|6 Jun 2014||£372,844||£365,000||STABLE COTTAGE, 4 CHIPSTEAD LANE|
|6 Jun 2014||£561,819||£550,000||32 BULLFINCH LANE|
|28 Mar 2014||£454,135||£435,000||57 LONDON ROAD|
|Mar 2014||Robbery||Under investigation||On or near Elmstead Close|
|Jan 2014||Anti-social behaviour||On or near Elmstead Close|
|Oct 2013||Criminal damage and arson||Under investigation||On or near Elmstead Close|
|Oct 2013||Vehicle crime||Under investigation||On or near Elmstead Close|
|Aug 2013||Criminal damage and arson||On or near Elmstead Close|