£371,244
This estimated value is based upon the latest sale price for the house of £250,000 on 16 Mar 2015. This value is then adjusted by the current Official House Price Index for CITY OF PLYMOUTH 1
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| Price Paid | Date |
|---|---|
| £250,000 | 16 Mar 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 127 sq meters or 1,367 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF PLYMOUTH to estimate the market value.
When this house was purchased in March 2015 the House Price Index for CITY OF PLYMOUTH was 100.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.498%.Applying this 48.498% change to the original purchase price of £250,000 results in an estimated price of approximately £371,244.
| 16 Mar 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 149.7 | 48.498 % | £250,000 | £121,244 | £371,244 |
The Postcode Pricing Model uses changes in average sales price within the PL1 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 | -24.319 % | £-60,797 | £189,202 |
| 3 Month Average | 20.526 % | £51,314 | £301,314 |
| 6 Month Average | 23.904 % | £59,759 | £309,759 |