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Estimated Market Value


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

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 Jun 2015 is 321.2 which is a change of 172.167%.

Applying this 172.167% change to the original purchase price of £31,000 gives us an estimated price now of around £84,371.

20 Nov 1998 1 Jun 2015 % change Purchase Price Gain / Loss Estimated Price
118.0 321.2 172.167 % £31,000 £53,371 £84,371

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 189.996 % £58,898 £89,898
3 Month Average 248.767 % £77,117 £108,117
6 Month Average 249.982 % £77,494 £108,494

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 June 2015 the average sale price for the 50 nearest sales was £204,813. This is a change of 209.114%.

So taking the original purchase price of £31,000 and adjusting it by 209.114% gives an estimated price of £95,825.

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 Jun 2015 % change Purchase Price Gain / Loss Estimated Price
£66,258 £204,813 209.114 % £31,000 £64,825 £95,825
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
27 Mar 2015 £158,082 £157,000 8 HALDENE
13 Mar 2015 £117,303 £116,500 72 DOWNLAND
6 Jan 2015 £180,375 £175,000 37 DOWNLAND
12 Dec 2014 £162,877 £156,500 36 BERCHAM
21 Nov 2014 £121,036 £114,995 40 HALDENE

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Recent Crimes Near Here
Jun 2015 Anti-social behaviour On or near Bercham
May 2015 Burglary Investigation complete; no suspect identified On or near Pedestrian Subway
Apr 2015 Other theft Under investigation On or near Downland
Jun 2015 Drugs Under investigation On or near Haslow Court
Apr 2015 Violence and sexual offences Under investigation On or near Clay Hill

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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