£562,257
This estimated value is based upon the latest sale price for the house of £450,000 on 16 Feb 2018. This value is then adjusted by the current Official House Price Index for CITY OF PLYMOUTH 1
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| Price Paid | Date |
|---|---|
| £450,000 | 16 Feb 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 140 sq meters or 1,506 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF PLYMOUTH to estimate the market value.
When this house was purchased in February 2018 the House Price Index for CITY OF PLYMOUTH was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £450,000 results in an estimated price of approximately £562,257.
| 16 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £450,000 | £112,257 | £562,257 |
The Postcode Pricing Model uses changes in average sales price within the PL1 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 | 88.229 % | £397,028 | £847,028 |
| 3 Month Average | 33.035 % | £148,656 | £598,656 |
| 6 Month Average | 20.051 % | £90,229 | £540,229 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £180,000 | £180,000 | BASEMENT FLAT 12 GRAND PARADE |
| 27 Nov 2023 | £301,971 | £297,500 | PARKING SPACE 49 AZURE 55 CLIFF ROAD |
| 24 Mar 2023 | £141,332 | £140,000 | 24B PIER STREET |
| 30 Nov 2022 | £360,632 | £365,000 | FLAT 5 AZURE, 55 CLIFF ROAD |
| 5 Oct 2022 | £187,976 | £190,000 | FIRST FLOOR FLAT 13 NORTHUMBERLAND TERRACE |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 15 Jan 2018. Using an estimated price of £562,257 means this house is valued at £4,016 per sq meter (£373 per sq foot).
The average size of a house on HOE ROAD is 160 sq meters (1,728 sq feet).