£505,441
This estimated value is based upon the latest sale price for the house of £292,500 on 8 Jul 2011. 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 |
|---|---|
| £292,500 | 8 Jul 2011 |
| £180,000 | 6 Dec 2001 |
| £182,000 | 19 Jul 2001 |
| £107,500 | 2 May 1997 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,014 sq feet |
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 July 2011 the House Price Index for SURREY was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £292,500 results in an estimated price of approximately £505,441.
| 8 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £292,500 | £212,941 | £505,441 |
The Postcode Pricing Model uses changes in average sales price within the GU2 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 | 185.906 % | £543,775 | £836,275 |
| 3 Month Average | 48.684 % | £142,400 | £434,900 |
| 6 Month Average | 63.447 % | £185,582 | £478,082 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2023 | £529,633 | £525,000 | 31 BRITTENS CLOSE |
| 14 Apr 2023 | £475,116 | £470,000 | 7 CUMBERLAND AVENUE |
| 16 Jun 2022 | £460,508 | £454,000 | 28 CUMBERLAND AVENUE |
| 27 May 2022 | £507,054 | £497,500 | 15 CUMBERLAND AVENUE |
| 10 May 2022 | £570,754 | £560,000 | 24 BRITTENS CLOSE |
This house has a floor area of 94 sq meters or 1,014 sq feet when measured on 17 Mar 2011. Using an estimated price of £505,441 means this house is valued at £5,361 per sq meter (£498 per sq foot).
The average size of a house on BRITTENS CLOSE is 110 sq meters (1,190 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lyons Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lyons Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lyons Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Coriander Crescent |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Knox Road |