£314,358
This estimated value is based upon the latest sale price for the house of £219,950 on 10 Aug 2015. This value is then adjusted by the current Official House Price Index for MONMOUTHSHIRE 1
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| Price Paid | Date |
|---|---|
| £219,950 | 10 Aug 2015 |
| £219,950 | 10 Aug 2015 |
| £147,000 | 13 Feb 2004 |
| £135,950 | 4 Oct 2002 |
| £75,500 | 5 Nov 1999 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 sq feet |
This model uses changes in the Official Land Registry House Price Index for MONMOUTHSHIRE to estimate the market value.
When this house was purchased in August 2015 the House Price Index for MONMOUTHSHIRE was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £219,950 results in an estimated price of approximately £314,358.
| 10 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £219,950 | £94,408 | £314,358 |
The Postcode Pricing Model uses changes in average sales price within the NP16 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 | 15.396 % | £33,862 | £253,812 |
| 3 Month Average | 30.783 % | £67,707 | £287,657 |
| 6 Month Average | 36.386 % | £80,030 | £299,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Mar 2023 | £218,054 | £216,000 | 11 GARVEY CLOSE |
| 9 Mar 2023 | £169,093 | £167,500 | 16 FISHERMANS WALK |
| 5 Aug 2022 | £239,306 | £239,950 | 37 SUMMERHOUSE LANE |
| 10 Jun 2022 | £253,584 | £250,000 | 31 BISHOPS CLOSE |
| 31 Mar 2022 | £393,780 | £380,000 | 7 CIDER MILL CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 3 Apr 2015. Using an estimated price of £314,359 means this house is valued at £3,572 per sq meter (£331 per sq foot).
The average size of a house on SUMMERHOUSE LANE is 68 sq meters (734 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near The Hop Garden |
| Feb 2024 | Vehicle crime | Under investigation | On or near The Hop Garden |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Fisherman'S Walk |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |