This estimated value is based upon the latest sale price for the house of £550,000 on 4 May 2016. This value is then adjusted by the current Official House Price Index for SURREY1
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|£550,000||4 May 2016|
|£275,000||15 Jun 2015|
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 2016 the House Price Index for SURREY was 112.8.The House Price Index as of 1 Jun 2019 is 114.9 which is a change of 1.936%.
Applying this 1.936% change to the original purchase price of £550,000 gives us an estimated price now of around £560,647.
|4 May 2016||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the RH1 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||-0.201 %||£-1,108||£548,891|
|3 Month Average||6.544 %||£35,992||£585,992|
|6 Month Average||11.122 %||£61,172||£611,172|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 2016 the average sale price for the 50 nearest sales within two miles of 45 RANELAGH ROAD was £377,709.
In October 2019 the average sale price for the 50 nearest sales was £431,413. This is a change of 14.219%.
So taking the original purchase price of £550,000 and adjusting it by 14.219% gives an estimated price of £628,201.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 4 May 2016||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|18 Apr 2019||£631,256||£630,000||10 SHREWSBURY ROAD|
|17 Apr 2019||£500,997||£500,000||3 SHREWSBURY ROAD|
|8 Nov 2018||£521,863||£532,000||19 RANELAGH ROAD|
|17 Oct 2018||£385,699||£396,500||36 RANELAGH ROAD|
|14 Sep 2018||£508,012||£525,000||28 SHREWSBURY ROAD|