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 299.8.The House Price Index as of 1 Mar 2015 is 503.4 which is a change of 67.895%.
Applying this 67.895% change to the original purchase price of £230,000 gives us an estimated price now of around £386,159.
|27 Oct 2004||1 Mar 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||25.023 %||£57,552||£287,552|
|3 Month Average||46.709 %||£107,431||£337,431|
|6 Month Average||39.564 %||£90,997||£320,997|
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 March 2015 the average sale price for the 50 nearest sales was £275,920. This is a change of 31.532%.
So taking the original purchase price of £230,000 and adjusting it by 31.532% gives an estimated price of £302,523.
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 Mar 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|19 Sep 2014||£227,822||£225,000||2 EATON ROAD|
|19 Sep 2014||£126,568||£125,000||1A ONSLOW DRIVE|
|7 Aug 2014||£364,795||£365,000||55 LONGMEAD DRIVE|
|17 Apr 2014||£400,129||£370,000||46 LONGMEAD DRIVE|
|10 Jan 2014||£406,698||£360,000||17 CHERRYDOWN ROAD|
|Dec 2014||Criminal damage and arson||Under investigation||On or near Onslow Drive|
|Dec 2014||Vehicle crime||Under investigation||On or near Onslow Drive|
|Jan 2015||Violence and sexual offences||Under investigation||On or near Eaton Road|
|Feb 2015||Vehicle crime||Offender given a caution||On or near Goodwin Drive|
|Feb 2015||Vehicle crime||Under investigation||On or near Goodwin Drive|