£336,139
This estimated value is based upon the latest sale price for the house of £220,000 on 18 Jul 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 |
|---|---|
| £220,000 | 18 Jul 2014 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 July 2014 the House Price Index for CITY OF PETERBOROUGH was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £220,000 results in an estimated price of approximately £336,139.
| 18 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £220,000 | £116,139 | £336,139 |
The Postcode Pricing Model uses changes in average sales price within the PE3 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 | 63.394 % | £139,467 | £359,467 |
| 3 Month Average | 49.380 % | £108,635 | £328,635 |
| 6 Month Average | 37.937 % | £83,461 | £303,461 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £329,209 | £325,000 | 55 LEA GARDENS |
| 24 Jul 2023 | £202,729 | £200,000 | 2 LUDLOW MEWS |
| 9 Jun 2023 | £261,164 | £258,000 | 49 LEA GARDENS |
| 22 Feb 2023 | £379,744 | £380,000 | BROWN HOUSE THORPE LEA ROAD |
| 6 Feb 2023 | £299,798 | £300,000 | 21 LEA GARDENS |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 21 Mar 2014. Using an estimated price of £336,139 means this house is valued at £3,429 per sq meter (£318 per sq foot).
The average size of a house on THORPE LEA ROAD is 130 sq meters (1,406 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Robbery | Investigation complete; no suspect identified | On or near Lea Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near River Lane |
| Dec 2023 | Robbery | Investigation complete; no suspect identified | On or near River Lane |
| Dec 2023 | Drugs | Formal action is not in the public interest | On or near River Lane |
| Mar 2024 | Public order | On or near Peterborough (Station) |