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|£1,175,000||29 May 2014|
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in May 2014 the House Price Index for GREATER LONDON was 91.9.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 34.087%.
Applying this 34.087% change to the original purchase price of £1,175,000 gives us an estimated price now of around £1,575,527.
|29 May 2014||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SM2 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||-0.112 %||£-1,318||£1,173,681|
|3 Month Average||52.904 %||£621,623||£1,796,623|
|6 Month Average||53.658 %||£630,485||£1,805,485|
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 two miles of 11 HIGHVIEW was £326,729.
In September 2020 the average sale price for the 15 nearest sales was £423,584. This is a change of 29.644%.
So taking the original purchase price of £1,175,000 and adjusting it by 29.644% gives an estimated price of £1,523,315.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 29 May 2014||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|27 Sep 2019||£927,478||£920,000||34 THE DENE|
|14 Aug 2019||£882,810||£875,000||39 WILBURY AVENUE|
|24 Jul 2019||£1,119,539||£1,100,000||5 WILBURY AVENUE|
|13 Jun 2019||£2,097,499||£2,050,000||THE KNOLL DOWNS SIDE|
|28 May 2019||£1,104,795||£1,071,000||34 DOWNS SIDE|