£557,013
This estimated value is based upon the latest sale price for the house of £280,000 on 28 May 2004. 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 |
|---|---|
| £280,000 | 28 May 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 990 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 May 2004 the House Price Index for SURREY was 73.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 98.933%.Applying this 98.933% change to the original purchase price of £280,000 results in an estimated price of approximately £557,013.
| 28 May 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 146.7 | 98.933 % | £280,000 | £277,013 | £557,013 |
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 | -10.988 % | £-30,765 | £249,234 |
| 3 Month Average | 36.034 % | £100,895 | £380,895 |
| 6 Month Average | 88.577 % | £248,016 | £528,016 |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 25 May 2020.
The average size of a house on RIVETT DRAKE CLOSE is 96 sq meters (1,043 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Whateley Close | |
| Feb 2024 | Anti-social behaviour | On or near Whateley Close | |
| Jan 2024 | Anti-social behaviour | On or near Whateley Close | |
| Jan 2024 | Anti-social behaviour | On or near Whateley Close | |
| Jan 2024 | Anti-social behaviour | On or near Whateley Close |