This estimated value is based upon the latest sale price for the house of £831,000 on 21 Jul 2017. This value is then adjusted by the current Official House Price Index for CHESHIRE WEST AND CHESTER1
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|£831,000||21 Jul 2017|
This model uses changes in the Official Land Registry House Price Index for CHESHIRE WEST AND CHESTER to estimate the market value.
When this house was purchased in July 2017 the House Price Index for CHESHIRE WEST AND CHESTER was 110.0.The House Price Index as of 1 Dec 2019 is 118.3 which is a change of 7.574%.
Applying this 7.574% change to the original purchase price of £831,000 gives us an estimated price now of around £893,939.
|21 Jul 2017||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the CW9 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||69.962 %||£581,381||£1,412,381|
|3 Month Average||-7.649 %||£-63,567||£767,432|
|6 Month Average||-2.705 %||£-22,479||£808,520|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In July 2017 the average sale price for the 50 nearest sales within three miles of 6 CHESHIRE BUSINESS PARK was £164,177.
In September 2020 the average sale price for the 2 nearest sales was £376,497. This is a change of 129.324%.
So taking the original purchase price of £831,000 and adjusting it by 129.324% gives an estimated price of £1,905,681.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 21 Jul 2017||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|12 Sep 2019||£226,704||£223,500||72 HARRIS ROAD|
|9 Aug 2019||£197,378||£192,950||53 HARRIS ROAD|
|29 Jul 2019||£196,918||£192,000||80 HARRIS ROAD|
|3 May 2019||£159,817||£155,000||10 AITCHISON ROAD|
|1 May 2019||£170,076||£164,950||20 WILSON CRESCENT|