£492,886
This estimated value is based upon the latest sale price for the house of £470,000 on 16 Feb 2022. This value is then adjusted by the current Official House Price Index for PORTSMOUTH 1
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Price Paid | Date |
---|---|
£470,000 | 16 Feb 2022 |
£310,000 | 19 Mar 2007 |
£95,000 | 10 Nov 1995 |
Terraced |
Freehold |
Floor Area: 125 sq meters or 1,345 sq feet |
This model uses changes in the Official Land Registry House Price Index for PORTSMOUTH to estimate the market value.
When this house was purchased in February 2022 the House Price Index for PORTSMOUTH was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £470,000 results in an estimated price of approximately £492,886.
16 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.7 | 148.6 | 4.869 % | £470,000 | £22,886 | £492,886 |
The Postcode Pricing Model uses changes in average sales price within the PO1 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 | -24.769 % | £-116,415 | £353,584 |
3 Month Average | -5.233 % | £-24,593 | £445,406 |
6 Month Average | 10.540 % | £49,536 | £519,536 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jun 2023 | £271,286 | £268,000 | 23 BEEHIVE WALK |
27 May 2022 | £264,993 | £260,000 | 19 BEEHIVE WALK |
13 May 2022 | £336,337 | £330,000 | 25 BEEHIVE WALK |
18 Mar 2022 | £523,312 | £505,000 | 29 BEEHIVE WALK |
18 Feb 2022 | £377,530 | £360,000 | 3 GRAYS COURT |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 1 Jul 2021. Using an estimated price of £492,886 means this house is valued at £3,943 per sq meter (£366 per sq foot).
The average size of a house on ARMORY LANE is 62 sq meters (672 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Drugs | Local resolution | On or near Armory Lane |
Jan 2024 | Anti-social behaviour | On or near Grays Court | |
Jan 2024 | Anti-social behaviour | On or near Grays Court | |
Jan 2024 | Anti-social behaviour | On or near Grays Court | |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beehive Walk |