This estimated value is based upon the latest sale price for the house of £230,000 on 27 Oct 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£230,000||27 Oct 2004|
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in October 2004 the House Price Index for GREATER LONDON was 300.0.The House Price Index as of 1 Jul 2015 is 531.8 which is a change of 77.273%.
Applying this 77.273% change to the original purchase price of £230,000 gives us an estimated price now of around £407,729.
|27 Oct 2004||1 Jul 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the DA14 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||84.203 %||£193,666||£423,666|
|3 Month Average||57.510 %||£132,273||£362,273|
|6 Month Average||48.150 %||£110,746||£340,746|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In October 2004 the average sale price for the 50 nearest sales within two miles of 20 LONGMEAD DRIVE was £209,774.
In July 2015 the average sale price for the 50 nearest sales was £301,853. This is a change of 43.894%.
So taking the original purchase price of £230,000 and adjusting it by 43.894% gives an estimated price of £330,957.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 27 Oct 2004||Average price on 31 Jul 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|29 Jun 2015||£307,486||£300,000||25 LONGMEAD DRIVE|
|15 May 2015||£316,000||£306,000||28 EATON ROAD|
|15 May 2015||£356,274||£345,000||9 EATON ROAD|
|19 Sep 2014||£240,885||£225,000||2 EATON ROAD|
|19 Sep 2014||£133,825||£125,000||1A ONSLOW DRIVE|
|Aug 2015||Anti-social behaviour||On or near Cherrydown Road|
|Aug 2015||Burglary||Under investigation||On or near Onslow Drive|
|Jul 2015||Violence and sexual offences||Under investigation||On or near Onslow Drive|
|Jul 2015||Criminal damage and arson||Investigation complete; no suspect identified||On or near Onslow Drive|
|May 2015||Vehicle crime||Under investigation||On or near Onslow Drive|