This estimated value is based upon the latest sale price for the house of £247,500 on 26 Aug 2011. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE1
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|£247,500||26 Aug 2011|
|£261,000||10 Aug 2007|
|£210,000||3 Jan 2003|
|£107,000||7 Sep 1999|
|£67,500||12 Oct 1995|
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 August 2011 the House Price Index for GLOUCESTERSHIRE was 88.7.The House Price Index as of 1 Dec 2019 is 124.6 which is a change of 40.468%.
Applying this 40.468% change to the original purchase price of £247,500 gives us an estimated price now of around £347,658.
|26 Aug 2011||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the GL4 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||-3.541 %||£-8,764||£238,735|
|3 Month Average||48.433 %||£119,871||£367,371|
|6 Month Average||52.068 %||£128,868||£376,368|
|Date||Current Estimated Value||Price Paid||Address|
|25 Oct 2019||£165,514||£167,000||157 BARNWOOD ROAD|
|10 Sep 2019||£181,346||£184,000||97 WELLS ROAD|
|4 Sep 2019||£155,721||£158,000||85 WELLS ROAD|
|12 Jul 2019||£259,723||£260,000||ROYAL MAIL HOUSE EASTERN AVENUE|
|8 May 2019||£116,606||£115,000||115D BARNWOOD ROAD|