Full Address

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

Estimated Market Value

£83,777

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 Mar 2015 is 318.9 which is a change of 170.250%.

Applying this 170.250% change to the original purchase price of £31,000 gives us an estimated price now of around £83,777.

20 Nov 1998 1 Mar 2015 % change Purchase Price Gain / Loss Estimated Price
118.0 318.9 170.250 % £31,000 £52,777 £83,777

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 187.434 % £58,104 £89,104
3 Month Average 241.742 % £74,939 £105,939
6 Month Average 214.595 % £66,524 £97,524

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 March 2015 the average sale price for the 50 nearest sales was £211,100. This is a change of 218.603%.

So taking the original purchase price of £31,000 and adjusting it by 218.603% gives an estimated price of £98,766.

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 31 Mar 2015 % change Purchase Price Gain / Loss Estimated Price
£66,258 £211,100 218.603 % £31,000 £67,766 £98,766
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
6 Jan 2015 £179,072 £175,000 37 DOWNLAND
12 Dec 2014 £161,757 £156,500 36 BERCHAM
1 Oct 2014 £94,252 £90,000 44 HALDENE
13 Aug 2014 £79,626 £75,000 15 HALDENE
25 Apr 2014 £177,273 £160,000 65 DOWNLAND

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Recent Crimes Near Here
DateCrimeOutcomeWhere
Mar 2015 Violence and sexual offences Under investigation On or near Haldene
Feb 2015 Vehicle crime Investigation complete; no suspect identified On or near Haldene
Jan 2015 Violence and sexual offences Offender given a caution On or near Haldene
Feb 2015 Anti-social behaviour On or near Norrington
Mar 2015 Vehicle crime Under investigation On or near Downland

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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