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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|£31,000||20 Nov 1998|
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 Sep 2016 is 119.7 which is a change of 297.583%.
Applying this 297.583% change to the original purchase price of £31,000 gives us an estimated price now of around £123,250.
|20 Nov 1998||1 Sep 2016||% change||Purchase Price||Gain / Loss||Estimated Price|
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||358.896 %||£111,257||£142,257|
|3 Month Average||231.685 %||£71,822||£102,822|
|6 Month Average||329.182 %||£102,046||£133,046|
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 October 2016 the average sale price for the 50 nearest sales was £270,702. This is a change of 308.557%.
So taking the original purchase price of £31,000 and adjusting it by 308.557% gives an estimated price of £126,652.
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 Oct 2016||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|1 Sep 2016||£85,000||£85,000||1 BERCHAM|
|8 Jul 2016||£120,545||£123,000||12 BERCHAM|
|1 Jul 2016||£125,446||£128,000||60 DOWNLAND|
|1 Apr 2016||£113,101||£112,500||42 HALDENE|
|30 Oct 2015||£129,590||£120,000||46 HALDENE|
|Oct 2016||Bicycle theft||Investigation complete; no suspect identified||On or near Bercham|
|Oct 2016||Anti-social behaviour||On or near Bercham|
|Aug 2016||Violence and sexual offences||Unable to prosecute suspect||On or near Norrington|
|Aug 2016||Criminal damage and arson||Suspect charged||On or near Norrington|
|Aug 2016||Violence and sexual offences||Under investigation||On or near Norrington|