£161,577
This estimated value is based upon the latest sale price for the house of £125,000 on 24 Apr 2017. This value is then adjusted by the current Official House Price Index for CORNWALL 1
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| Price Paid | Date |
|---|---|
| £125,000 | 24 Apr 2017 |
| £60,000 | 19 May 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 sq feet |
This model uses changes in the Official Land Registry House Price Index for CORNWALL to estimate the market value.
When this house was purchased in April 2017 the House Price Index for CORNWALL was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £125,000 results in an estimated price of approximately £161,577.
| 24 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £125,000 | £36,577 | £161,577 |
The Postcode Pricing Model uses changes in average sales price within the TR1 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 | -16.263 % | £-20,328 | £104,671 |
| 3 Month Average | 8.644 % | £10,805 | £135,805 |
| 6 Month Average | 24.039 % | £30,048 | £155,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £324,781 | £325,000 | 8 STATION ROAD |
| 24 Feb 2023 | £354,761 | £355,000 | 9 CORONATION TERRACE |
| 24 Feb 2023 | £355,761 | £356,000 | 11 THE CRESCENT |
| 23 Jun 2022 | £349,945 | £345,000 | 26 THE CRESCENT |
| 8 Apr 2022 | £298,642 | £290,000 | 4 THE MEADOW |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 9 Apr 2016. Using an estimated price of £161,578 means this house is valued at £2,785 per sq meter (£258 per sq foot).
The average size of a house on STATION ROAD is 159 sq meters (1,717 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).