This estimated value is based upon the latest sale price for the house of £13,500 on 7 Dec 2004. This value is then adjusted by the current Official House Price Index for CITY OF KINGSTON UPON HULL1
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|£13,500||7 Dec 2004|
This model uses changes in the Official Land Registry House Price Index for CITY OF KINGSTON UPON HULL to estimate the market value.
When this house was purchased in December 2004 the House Price Index for CITY OF KINGSTON UPON HULL was 75.2.The House Price Index as of 1 Dec 2019 is 120.9 which is a change of 60.777%.
Applying this 60.777% change to the original purchase price of £13,500 gives us an estimated price now of around £21,704.
|7 Dec 2004||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the HU3 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||236.585 %||£31,938||£45,438|
|3 Month Average||152.308 %||£20,561||£34,061|
|6 Month Average||155.331 %||£20,969||£34,469|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In December 2004 the average sale price for the 50 nearest sales within half a mile of 7 was £33,523.
In June 2020 the average sale price for the 4 nearest sales was £236,144. This is a change of 604.424%.
So taking the original purchase price of £13,500 and adjusting it by 604.424% gives an estimated price of £95,097.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 7 Dec 2004||Average price on 26 Jun 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|30 Aug 2019||£94,018||£97,000||3 CHERRY GARTH|
|26 Jul 2019||£70,894||£72,000||120 PLANE STREET|
|18 Mar 2019||£146,137||£143,000||32 WESTBOURNE STREET|
|26 Feb 2019||£90,027||£88,000||176 SOMERSET STREET|
|7 Jan 2019||£70,358||£70,000||154 PLANE STREET|