This estimated value is based upon the latest sale price for the house of £70,000 on 14 May 2014. This value is then adjusted by the current Official House Price Index for SOUTH YORKSHIRE1
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|£70,000||14 May 2014|
|£56,000||22 Dec 2004|
|£23,995||27 Sep 2002|
This model uses changes in the Official Land Registry House Price Index for SOUTH YORKSHIRE to estimate the market value.
When this house was purchased in May 2014 the House Price Index for SOUTH YORKSHIRE was 98.2.The House Price Index as of 1 Dec 2019 is 121.7 which is a change of 23.933%.
Applying this 23.933% change to the original purchase price of £70,000 gives us an estimated price now of around £86,753.
|14 May 2014||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the DN6 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||28.839 %||£20,187||£90,187|
|3 Month Average||38.334 %||£26,833||£96,833|
|6 Month Average||35.759 %||£25,031||£95,031|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 2014 the average sale price for the 50 nearest sales within five miles of 55 OWSTON ROAD was £95,484.
In August 2020 the average sale price for the 10 nearest sales was £109,424. This is a change of 14.600%.
So taking the original purchase price of £70,000 and adjusting it by 14.600% gives an estimated price of £80,219.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 14 May 2014||Average price on 25 Aug 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|9 Jan 2020||£77,500||£77,500||62 OWSTON ROAD|
|22 Nov 2019||£60,011||£60,000||22 QUEENS ROAD|
|20 Sep 2019||£100,127||£98,000||40 OWSTON ROAD|
|28 Aug 2019||£69,081||£67,000||15 OWSTON ROAD|
|16 Aug 2019||£58,255||£56,500||64 QUEENS ROAD|