Full Address

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

Estimated Market Value

£91,839

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 118.1.

The House Price Index as of 1 Feb 2016 is 349.8 which is a change of 196.253%.

Applying this 196.253% change to the original purchase price of £31,000 gives us an estimated price now of around £91,838.

20 Nov 1998 1 Feb 2016 % change Purchase Price Gain / Loss Estimated Price
118.1 349.8 196.253 % £31,000 £60,838 £91,838

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 225.960 % £70,047 £101,047
3 Month Average 237.722 % £73,693 £104,693
6 Month Average 267.921 % £83,055 £114,055

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 2016 the average sale price for the 50 nearest sales was £200,131. This is a change of 202.048%.

So taking the original purchase price of £31,000 and adjusting it by 202.048% gives an estimated price of £93,634.

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 29 Feb 2016 % change Purchase Price Gain / Loss Estimated Price
£66,258 £200,131 202.048 % £31,000 £62,634 £93,634
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
30 Oct 2015 £124,492 £120,000 46 HALDENE
11 Sep 2015 £204,975 £195,000 7 HALDENE
31 Jul 2015 £154,314 £144,000 7 BERCHAM
17 Jul 2015 £117,879 £110,000 43 HALDENE
17 Jun 2015 £115,143 £106,000 11 BERCHAM

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Recent Crimes Near Here
DateCrimeOutcomeWhere
Feb 2016 Violence and sexual offences Under investigation On or near Norrington
Feb 2016 Violence and sexual offences Under investigation On or near Norrington
Feb 2016 Violence and sexual offences Under investigation On or near Norrington
Mar 2016 Vehicle crime Investigation complete; no suspect identified On or near Pedestrian Subway
Feb 2016 Other theft Unable to prosecute suspect On or near Pedestrian Subway

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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