£224,224
This estimated value is based upon the latest sale price for the house of £220,000 on 6 May 2022. This value is then adjusted by the current Official House Price Index for BOURNEMOUTH 1
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Price Paid | Date |
---|---|
£220,000 | 6 May 2022 |
£145,000 | 29 Nov 2010 |
£143,500 | 11 Nov 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 31 sq meters or 333 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 May 2022 the House Price Index for BOURNEMOUTH was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £220,000 results in an estimated price of approximately £224,224.
6 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.8 | 148.6 | 1.920 % | £220,000 | £4,224 | £224,224 |
The Postcode Pricing Model uses changes in average sales price within the BH3 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 | -41.516 % | £-91,334 | £128,665 |
3 Month Average | -65.511 % | £-144,125 | £75,874 |
6 Month Average | 20.229 % | £44,504 | £264,504 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Sep 2023 | £592,577 | £585,000 | 8 WINDERMERE ROAD |
13 Jan 2023 | £537,468 | £540,000 | 9 BELVEDERE ROAD |
12 Jan 2023 | £569,682 | £572,366 | 12 WINDERMERE ROAD |
21 Jul 2022 | £521,404 | £520,000 | 15 GERALD ROAD |
6 May 2022 | £224,225 | £220,000 | LOWER FLAT 31 GERALD ROAD |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 15 Nov 2021. Using an estimated price of £224,225 means this house is valued at £7,233 per sq meter (£671 per sq foot).
The average size of a house on GERALD ROAD is 94 sq meters (1,018 sq feet).
This house is the smallest in the street with a floor area of 31 sq meters (333 sq feet).