This estimated value is based upon the latest sale price for the house of £450,000 on 31 Oct 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£450,000||31 Oct 2012|
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in October 2012 the House Price Index for GREATER LONDON was 78.2.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 57.602%.
Applying this 57.602% change to the original purchase price of £450,000 gives us an estimated price now of around £709,208.
|31 Oct 2012||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the DA5 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||27.734 %||£124,802||£574,802|
|3 Month Average||17.392 %||£78,262||£528,262|
|6 Month Average||52.475 %||£236,137||£686,137|
|Date||Current Estimated Value||Price Paid||Address|
|16 Dec 2019||£285,000||£285,000||FLAT 14 ASCOT COURT, 66 PARKHILL ROAD|
|17 Oct 2019||£292,781||£290,000||FLAT 4 ASCOT COURT, 66 PARKHILL ROAD|
|19 Sep 2019||£851,868||£845,000||3 THE CLOSE|
|13 Sep 2019||£576,649||£572,000||13 BAYNHAM CLOSE|
|15 Aug 2019||£274,932||£272,500||FLAT 24 ASCOT COURT, 66 PARKHILL ROAD|