£259,630
This estimated value is based upon the latest sale price for the house of £198,000 on 16 Dec 2016. This value is then adjusted by the current Official House Price Index for EAST RIDING OF YORKSHIRE 1
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| Price Paid | Date |
|---|---|
| £198,000 | 16 Dec 2016 |
| £160,000 | 30 Apr 2010 |
| £122,000 | 16 Feb 2004 |
| £53,500 | 23 May 1997 |
| Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST RIDING OF YORKSHIRE to estimate the market value.
When this house was purchased in December 2016 the House Price Index for EAST RIDING OF YORKSHIRE was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £198,000 results in an estimated price of approximately £259,630.
| 16 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £198,000 | £61,630 | £259,630 |
The Postcode Pricing Model uses changes in average sales price within the HU5 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 | 12.011 % | £23,782 | £221,782 |
| 3 Month Average | 12.264 % | £24,282 | £222,282 |
| 6 Month Average | 17.307 % | £34,268 | £232,268 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £247,000 | £247,000 | 12 OAKWOOD CLOSE |
| 16 Jun 2023 | £197,391 | £195,000 | 14 OAKWOOD CLOSE |
| 17 Aug 2022 | £219,409 | £220,000 | 44 SPRINGHEAD LANE |
| 5 May 2022 | £147,785 | £145,000 | 10 SPRINGHEAD GARDENS |
| 4 May 2022 | £183,457 | £180,000 | 17 SPRINGHEAD AVENUE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 16 Nov 2016. Using an estimated price of £259,631 means this house is valued at £2,520 per sq meter (£234 per sq foot).
The average size of a house on SPRINGHEAD LANE is 92 sq meters (997 sq feet).
This house is the largest in the street with a floor area of 103 sq meters (1,108 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Oakwood Close |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Oakwood Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
| Dec 2023 | Violence and sexual offences | Local resolution | On or near Sports/Recreation Area |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |