Full Address

18 BERCHAM
TWO MILE ASH
MILTON KEYNES
MILTON KEYNES
UNITED KINGDOM
MK8 8HX

Estimated Market Value

£89,990

This estimated value is based upon the latest sale price for the house of £31,000 on 20 Nov 1998. This value is then adjusted by the current Official House Price Index for MILTON KEYNES1

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Transactions for this house
Price PaidDate
£31,00020 Nov 1998
House Details
Flats/Maisonettes
Leasehold

House Price Models

Land Registry House Price Index Model

This model uses changes in the Official Land Registry House Price Index for MILTON KEYNES to estimate the market value.

When this house was purchased in November 1998 the House Price Index for MILTON KEYNES was 118.0.

The House Price Index as of 1 Dec 2015 is 342.4 which is a change of 190.290%.

Applying this 190.290% change to the original purchase price of £31,000 gives us an estimated price now of around £89,989.

20 Nov 1998 1 Dec 2015 % change Purchase Price Gain / Loss Estimated Price
118.0 342.4 190.290 % £31,000 £58,989 £89,989

The Postcode Pricing Model uses changes in average sales price within the MK8 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 229.598 % £71,175 £102,175
3 Month Average 269.471 % £83,535 £114,535
6 Month Average 283.977 % £88,032 £119,032

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In November 1998 the average sale price for the 50 nearest sales within two miles of 18 BERCHAM was £66,258.

In December 2015 the average sale price for the 50 nearest sales was £220,109. This is a change of 232.201%.

So taking the original purchase price of £31,000 and adjusting it by 232.201% gives an estimated price of £102,982.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 20 Nov 1998 Average price on 30 Dec 2015 % change Purchase Price Gain / Loss Estimated Price
£66,258 £220,109 232.201 % £31,000 £71,982 £102,982
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
11 Sep 2015 £201,081 £195,000 7 HALDENE
31 Jul 2015 £151,171 £144,000 7 BERCHAM
17 Jul 2015 £115,478 £110,000 43 HALDENE
17 Jun 2015 £112,772 £106,000 11 BERCHAM
13 Mar 2015 £125,026 £116,500 72 DOWNLAND

Show these sales on a map

Recent Crimes Near Here
DateCrimeOutcomeWhere
Sep 2015 Violence and sexual offences Under investigation On or near Haldene
Sep 2015 Burglary Investigation complete; no suspect identified On or near Norrington
Oct 2015 Anti-social behaviour On or near Downland
Sep 2015 Violence and sexual offences Unable to prosecute suspect On or near Downland
Oct 2015 Other crime Under investigation On or near Denmead

View full details of these crimes and others in this area

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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