Full Address

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

Estimated Market Value

£121,888

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 30.1.

The House Price Index as of 1 Jun 2016 is 118.4 which is a change of 293.187%.

Applying this 293.187% change to the original purchase price of £31,000 gives us an estimated price now of around £121,887.

20 Nov 1998 1 Jun 2016 % change Purchase Price Gain / Loss Estimated Price
30.1 118.4 293.187 % £31,000 £90,887 £121,887

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 165.527 % £51,313 £82,313
3 Month Average 345.080 % £106,974 £137,974
6 Month Average 305.401 % £94,674 £125,674

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 July 2016 the average sale price for the 50 nearest sales was £248,756. This is a change of 275.435%.

So taking the original purchase price of £31,000 and adjusting it by 275.435% gives an estimated price of £116,384.

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 Jul 2016 % change Purchase Price Gain / Loss Estimated Price
£66,258 £248,756 275.435 % £31,000 £85,384 £116,384
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
1 Apr 2016 £111,851 £112,500 42 HALDENE
31 Mar 2016 £211,404 £212,000 43 DOWNLAND
30 Oct 2015 £128,157 £120,000 46 HALDENE
25 Sep 2015 £199,200 £185,000 36 BERCHAM
11 Sep 2015 £209,967 £195,000 7 HALDENE

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Recent Crimes Near Here
DateCrimeOutcomeWhere
Jul 2016 Criminal damage and arson Unable to prosecute suspect On or near Denmead
Jun 2016 Burglary Investigation complete; no suspect identified On or near Kercroft
May 2016 Violence and sexual offences Unable to prosecute suspect On or near Kercroft
May 2016 Criminal damage and arson Unable to prosecute suspect On or near Kercroft
May 2016 Vehicle crime Investigation complete; no suspect identified On or near Kercroft

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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