£248,740
This estimated value is based upon the latest sale price for the house of £48,950 on 4 Jul 1997. This value is then adjusted by the current Official House Price Index for BOURNEMOUTH 1
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| Price Paid | Date |
|---|---|
| £48,950 | 4 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
This model uses changes in the Official Land Registry House Price Index for BOURNEMOUTH to estimate the market value.
When this house was purchased in July 1997 the House Price Index for BOURNEMOUTH was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £48,950 results in an estimated price of approximately £248,740.
| 4 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 148.6 | 408.152 % | £48,950 | £199,790 | £248,740 |
The Postcode Pricing Model uses changes in average sales price within the BH3 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 | 71.722 % | £35,107 | £84,057 |
| 3 Month Average | 108.788 % | £53,251 | £102,201 |
| 6 Month Average | 484.974 % | £237,394 | £286,344 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Sep 2023 | £592,577 | £585,000 | 8 WINDERMERE ROAD |
| 13 Jan 2023 | £537,468 | £540,000 | 9 BELVEDERE ROAD |
| 12 Jan 2023 | £569,682 | £572,366 | 12 WINDERMERE ROAD |
| 21 Jul 2022 | £521,404 | £520,000 | 15 GERALD ROAD |
| 6 May 2022 | £224,225 | £220,000 | LOWER FLAT 31 GERALD ROAD |