This estimated value is based upon the latest sale price for the house of £750,500 on 30 May 2013. This value is then adjusted by the current Official House Price Index for KENT1
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|£750,500||30 May 2013|
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in May 2013 the House Price Index for KENT was 86.4.The House Price Index as of 1 Dec 2017 is 127.1 which is a change of 47.145%.
Applying this 47.145% change to the original purchase price of £750,500 gives us an estimated price now of around £1,104,323.
|30 May 2013||1 Dec 2017||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the TN13 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||21.348 %||£160,217||£910,717|
|3 Month Average||26.114 %||£195,984||£946,484|
|6 Month Average||24.522 %||£184,039||£934,539|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 2013 the average sale price for the 50 nearest sales within three miles of 25 BULLFINCH LANE was £396,097.
In February 2018 the average sale price for the 16 nearest sales was £563,817. This is a change of 42.343%.
So taking the original purchase price of £750,500 and adjusting it by 42.343% gives an estimated price of £1,068,286.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 30 May 2013||Average price on 28 Feb 2018||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|10 Nov 2017||£629,273||£625,000||25 HOMEFIELD ROAD|
|13 Oct 2017||£398,775||£395,000||75 LONDON ROAD|
|21 Sep 2017||£454,922||£449,000||72 CHIPSTEAD LANE|
|15 Sep 2017||£379,946||£375,000||42 CHIPSTEAD LANE|
|15 Sep 2017||£587,649||£580,000||68 CHIPSTEAD LANE|
|Nov 2017||Vehicle crime||Investigation complete; no suspect identified||On or near Elmstead Close|
|Feb 2018||Criminal damage and arson||Investigation complete; no suspect identified||On or near Bullfinch Lane|
|Feb 2018||Violence and sexual offences||Unable to prosecute suspect||On or near Bullfinch Lane|
|Nov 2017||Criminal damage and arson||Under investigation||On or near The Patch|
|Nov 2017||Burglary||Investigation complete; no suspect identified||On or near Homefield Road|