This estimated value is based upon the latest sale price for the house of £543,250 on 1 Sep 2005. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE1
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|£543,250||1 Sep 2005|
This model uses changes in the Official Land Registry House Price Index for GLOUCESTERSHIRE to estimate the market value.
When this house was purchased in September 2005 the House Price Index for GLOUCESTERSHIRE was 85.9.The House Price Index as of 1 Jun 2019 is 123.4 which is a change of 43.675%.
Applying this 43.675% change to the original purchase price of £543,250 gives us an estimated price now of around £780,515.
|1 Sep 2005||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the GL53 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||82.820 %||£449,917||£993,167|
|3 Month Average||71.796 %||£390,031||£933,281|
|6 Month Average||68.444 %||£371,821||£915,071|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In September 2005 the average sale price for the 50 nearest sales within seven miles of 2 BITTUM FIELD was £281,133.
In October 2019 the average sale price for the 19 nearest sales was £407,117. This is a change of 44.813%.
So taking the original purchase price of £543,250 and adjusting it by 44.813% gives an estimated price of £786,696.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 1 Sep 2005||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|7 Aug 2019||£800,000||£800,000||BERRYMANS COTTAGE|
|25 Jul 2019||£275,000||£275,000||1 WOODLAND VIEW|
|3 Dec 2018||£543,322||£550,000||WOODMANCOTE FARM HOUSE|
|21 Nov 2018||£390,656||£394,000||1 HAYES LANE|
|18 Oct 2018||£837,433||£850,000||RIVERSTONE HOUSE|