£145,087
This estimated value is based upon the latest sale price for the house of £42,000 on 9 Mar 2001. This value is then adjusted by the current Official House Price Index for BOURNEMOUTH 1
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| Price Paid | Date |
|---|---|
| £42,000 | 9 Mar 2001 |
| £37,500 | 15 Jan 2001 |
| £15,250 | 22 Aug 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 35 sq meters or 376 sq feet |
This model uses changes in the Official Land Registry House Price Index for BOURNEMOUTH to estimate the market value.
When this house was purchased in March 2001 the House Price Index for BOURNEMOUTH was 42.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 245.446%.Applying this 245.446% change to the original purchase price of £42,000 results in an estimated price of approximately £145,087.
| 9 Mar 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 146.7 | 245.446 % | £42,000 | £103,087 | £145,087 |
The Postcode Pricing Model uses changes in average sales price within the BH5 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 | 184.275 % | £77,395 | £119,395 |
| 3 Month Average | 147.711 % | £62,038 | £104,038 |
| 6 Month Average | 167.710 % | £70,438 | £112,438 |
This house has a floor area of 35 sq meters or 376 sq feet when measured on 3 Feb 2020.
The average size of a house on MORLEY ROAD is 88 sq meters (949 sq feet).