£280,838
This estimated value is based upon the latest sale price for the house of £190,000 on 5 Nov 2014. 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 |
|---|---|
| £190,000 | 5 Nov 2014 |
| £120,000 | 18 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 November 2014 the House Price Index for SURREY was 99.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 47.810%.Applying this 47.810% change to the original purchase price of £190,000 results in an estimated price of approximately £280,838.
| 5 Nov 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 146.7 | 47.810 % | £190,000 | £90,838 | £280,838 |
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 | -24.074 % | £-45,740 | £144,259 |
| 3 Month Average | -0.908 % | £-1,726 | £188,273 |
| 6 Month Average | 30.739 % | £58,404 | £248,404 |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 21 Feb 2014.
The average size of a house on SOMERTONS CLOSE is 69 sq meters (750 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Somertons Close |
| Mar 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Mar 2024 | Anti-social behaviour | On or near Petrol Station | |
| Mar 2024 | Other theft | Under investigation | On or near Petrol Station |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |