This estimated value is based upon the latest sale price for the house of £73,500 on 21 Sep 1998. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE1
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|£73,500||21 Sep 1998|
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 1998 the House Price Index for GLOUCESTERSHIRE was 34.2.The House Price Index as of 1 Jun 2019 is 123.4 which is a change of 260.388%.
Applying this 260.388% change to the original purchase price of £73,500 gives us an estimated price now of around £264,885.
|21 Sep 1998||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the GL7 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||207.205 %||£152,295||£225,795|
|3 Month Average||252.298 %||£185,439||£258,939|
|6 Month Average||250.340 %||£183,999||£257,499|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In September 1998 the average sale price for the 50 nearest sales within seven miles of 218 STRATTON HEIGHTS was £103,372.
In October 2019 the average sale price for the 16 nearest sales was £388,325. This is a change of 275.658%.
So taking the original purchase price of £73,500 and adjusting it by 275.658% gives an estimated price of £276,108.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 21 Sep 1998||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|12 Jun 2019||£220,000||£220,000||40 STRATTON HEIGHTS|
|1 Feb 2019||£398,577||£400,000||3 GALLOWS POUND LANE|
|5 Dec 2018||£227,208||£230,000||226 STRATTON HEIGHTS|
|5 Dec 2018||£367,977||£372,500||210 STRATTON HEIGHTS|
|20 Nov 2018||£245,399||£247,500||162 STRATTON HEIGHTS|