£265,505
This estimated value is based upon the latest sale price for the house of £178,011 on 19 Dec 2014. This value is then adjusted by the current Official House Price Index for CITY OF PETERBOROUGH 1
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Price Paid | Date |
---|---|
£178,011 | 19 Dec 2014 |
Detached |
Freehold |
Floor Area: 122 sq meters or 1,313 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF PETERBOROUGH to estimate the market value.
When this house was purchased in December 2014 the House Price Index for CITY OF PETERBOROUGH was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £178,011 results in an estimated price of approximately £265,505.
19 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 148.6 | 49.151 % | £178,011 | £87,494 | £265,505 |
The Postcode Pricing Model uses changes in average sales price within the PE2 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 | 290.021 % | £516,269 | £694,280 |
3 Month Average | 61.712 % | £109,853 | £287,864 |
6 Month Average | 44.459 % | £79,142 | £257,153 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £238,531 | £235,000 | 14 CHARNWOOD CLOSE |
17 Nov 2022 | £296,410 | £300,000 | 82 LONDON ROAD |
20 Sep 2022 | £198,398 | £200,000 | 53 FELLOWES GARDENS |
25 Jul 2022 | £220,594 | £220,000 | 25 FLETTON FIELDS |
4 Jul 2022 | £137,370 | £137,000 | 55 LONDON ROAD |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 17 Jun 2014. Using an estimated price of £265,506 means this house is valued at £2,176 per sq meter (£202 per sq foot).
The average size of a house on MELROSE DRIVE is 105 sq meters (1,139 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Anti-social behaviour | On or near Melrose Drive | |
Dec 2023 | Anti-social behaviour | On or near Melrose Drive | |
Dec 2023 | Anti-social behaviour | On or near Melrose Drive | |
Dec 2023 | Anti-social behaviour | On or near Melrose Drive | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Abbeyfields |