£193,104
This estimated value is based upon the latest sale price for the house of £55,900 on 7 Mar 2001. This value is then adjusted by the current Official House Price Index for CITY OF PETERBOROUGH 1
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| Price Paid | Date |
|---|---|
| £55,900 | 7 Mar 2001 |
| £50,000 | 9 Jan 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF PETERBOROUGH to estimate the market value.
When this house was purchased in March 2001 the House Price Index for CITY OF PETERBOROUGH was 42.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 245.446%.Applying this 245.446% change to the original purchase price of £55,900 results in an estimated price of approximately £193,104.
| 7 Mar 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 146.7 | 245.446 % | £55,900 | £137,204 | £193,104 |
The Postcode Pricing Model uses changes in average sales price within the PE3 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 | 366.040 % | £204,616 | £260,516 |
| 3 Month Average | 301.612 % | £168,600 | £224,500 |
| 6 Month Average | 276.031 % | £154,301 | £210,201 |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 20 Nov 2019.
The average size of a house on SOVEREIGN PLACE is 59 sq meters (643 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Bicycle theft | Investigation complete; no suspect identified | On or near Sovereign Place |