Full Address

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

Estimated Market Value

£82,305

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 Feb 2015 is 313.3 which is a change of 165.500%.

Applying this 165.500% change to the original purchase price of £31,000 gives us an estimated price now of around £82,305.

20 Nov 1998 1 Feb 2015 % change Purchase Price Gain / Loss Estimated Price
118.0 313.3 165.500 % £31,000 £51,305 £82,305

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 170.892 % £52,976 £83,976
3 Month Average 230.773 % £71,539 £102,539
6 Month Average 209.478 % £64,938 £95,938

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 February 2015 the average sale price for the 50 nearest sales was £187,867. This is a change of 183.539%.

So taking the original purchase price of £31,000 and adjusting it by 183.539% gives an estimated price of £87,896.

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 27 Feb 2015 % change Purchase Price Gain / Loss Estimated Price
£66,258 £187,867 183.539 % £31,000 £56,896 £87,896
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
6 Jan 2015 £176,014 £175,000 37 DOWNLAND
12 Dec 2014 £159,063 £156,500 36 BERCHAM
13 Aug 2014 £78,256 £75,000 15 HALDENE
25 Apr 2014 £174,184 £160,000 65 DOWNLAND
25 Oct 2013 £108,336 £94,950 34 BERCHAM

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Recent Crimes Near Here
DateCrimeOutcomeWhere
Oct 2014 Drugs Suspect charged On or near Bercham
Oct 2014 Criminal damage and arson Investigation complete; no suspect identified On or near Bercham
Sep 2014 Vehicle crime Investigation complete; no suspect identified On or near Bercham
Jul 2014 Violence and sexual offences Unable to prosecute suspect On or near Bercham
Mar 2014 Anti-social behaviour On or near Bercham

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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