This estimated value is based upon the latest sale price for the house of £59,000 on 26 May 1999. This value is then adjusted by the current Official House Price Index for CARDIFF1
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|£59,000||26 May 1999|
|£48,500||28 Feb 1997|
This model uses changes in the Official Land Registry House Price Index for CARDIFF to estimate the market value.
When this house was purchased in May 1999 the House Price Index for CARDIFF was 34.0.The House Price Index as of 1 Jun 2019 is 117.3 which is a change of 244.714%.
Applying this 244.714% change to the original purchase price of £59,000 gives us an estimated price now of around £203,381.
|26 May 1999||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the CF15 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||213.857 %||£126,175||£185,175|
|3 Month Average||202.078 %||£119,226||£178,226|
|6 Month Average||203.141 %||£119,853||£178,853|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 1999 the average sale price for the 50 nearest sales within three miles of 16 MERTHYR ROAD was £78,657.
In October 2019 the average sale price for the 50 nearest sales was £217,657. This is a change of 176.718%.
So taking the original purchase price of £59,000 and adjusting it by 176.718% gives an estimated price of £163,263.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 26 May 1999||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|18 Jan 2019||£282,332||£285,000||MORGAN HOUSE QUEEN STREET|
|10 Dec 2018||£206,717||£208,000||2 MARKET STREET|
|12 Oct 2018||£158,300||£160,000||49 MERTHYR ROAD|
|2 Jul 2018||£225,321||£225,000||5 CHAPEL MEWS|
|29 Mar 2018||£103,353||£101,500||32 MERTHYR ROAD|