£115,388
This estimated value is based upon the latest sale price for the house of £62,000 on 7 Apr 2005. This value is then adjusted by the current Official House Price Index for HUMBERSIDE 1
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| Price Paid | Date |
|---|---|
| £62,000 | 7 Apr 2005 |
| £29,950 | 12 Jun 1995 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 948 sq feet |
This model uses changes in the Official Land Registry House Price Index for HUMBERSIDE to estimate the market value.
When this house was purchased in April 2005 the House Price Index for HUMBERSIDE was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.110%.Applying this 86.110% change to the original purchase price of £62,000 results in an estimated price of approximately £115,388.
| 7 Apr 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.110 % | £62,000 | £53,388 | £115,388 |
The Postcode Pricing Model uses changes in average sales price within the HU6 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 | 118.480 % | £73,457 | £135,457 |
| 3 Month Average | 72.610 % | £45,017 | £107,017 |
| 6 Month Average | 85.499 % | £53,009 | £115,009 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £65,574 | £65,000 | 24 SKIPWITH CLOSE |
| 18 Aug 2023 | £78,184 | £77,500 | 196 GREENWOOD AVENUE |
| 21 Jul 2023 | £128,226 | £126,500 | 188 GREENWOOD AVENUE |
| 19 Jul 2023 | £152,046 | £150,000 | 47 7TH AVENUE |
| 12 Apr 2023 | £75,816 | £75,000 | 267 5TH AVENUE |
This house has a floor area of 88 sq meters or 948 sq feet when measured on 9 Apr 2011. Using an estimated price of £115,388 means this house is valued at £1,309 per sq meter (£121 per sq foot).
The average size of a house on RIPLEY CLOSE is 95 sq meters (1,029 sq feet).