£863,121
This estimated value is based upon the latest sale price for the house of £165,000 on 2 Apr 1997. This value is then adjusted by the current Official House Price Index for SURREY 1
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5 Madrid Road, Guilford, GU2 8BN
Phone: 01483665173
| Price Paid | Date |
|---|---|
| £165,000 | 2 Apr 1997 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for SURREY to estimate the market value.
When this house was purchased in April 1997 the House Price Index for SURREY was 28.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 423.104%.Applying this 423.104% change to the original purchase price of £165,000 results in an estimated price of approximately £863,121.
| 2 Apr 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 148.6 | 423.104 % | £165,000 | £698,121 | £863,121 |
The Postcode Pricing Model uses changes in average sales price within the GU7 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 | 458.524 % | £756,565 | £921,565 |
| 3 Month Average | 397.952 % | £656,620 | £821,620 |
| 6 Month Average | 436.121 % | £719,600 | £884,600 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £734,390 | £725,000 | 9 BINSCOMBE LANE |
| 6 Jul 2023 | £851,460 | £840,000 | 25 BINSCOMBE LANE |
| 5 Apr 2023 | £439,735 | £435,000 | 3 HALL CLOSE |
| 9 Aug 2022 | £523,591 | £525,000 | 26 HALL CLOSE |
| 28 Jun 2022 | £826,683 | £815,000 | 30 BINSCOMBE LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near More Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Elizabeth Road |
| Feb 2024 | Burglary | Under investigation | On or near Cleveland Place |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Binscombe Lane |
| Jan 2024 | Anti-social behaviour | On or near Elizabeth Court |