This estimated value is based upon the latest sale price for the house of £77,000 on 13 Aug 2013. This value is then adjusted by the current Official House Price Index for BLAENAU GWENT1
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|£77,000||13 Aug 2013|
|£84,000||29 Nov 2006|
|£77,000||17 Jun 2005|
This model uses changes in the Official Land Registry House Price Index for BLAENAU GWENT to estimate the market value.
When this house was purchased in August 2013 the House Price Index for BLAENAU GWENT was 160.7.The House Price Index as of 1 May 2015 is 167.5 which is a change of 4.264%.
Applying this 4.264% change to the original purchase price of £77,000 gives us an estimated price now of around £80,282.
|13 Aug 2013||1 May 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the NP13 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||-7.104 %||£-5,470||£71,529|
|3 Month Average||-2.436 %||£-1,875||£75,124|
|6 Month Average||-3.743 %||£-2,881||£74,118|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In August 2013 the average sale price for the 50 nearest sales within five miles of 79 GLANYSTRUTH was £86,306.
In May 2015 the average sale price for the 23 nearest sales was £101,389. This is a change of 17.476%.
So taking the original purchase price of £77,000 and adjusting it by 17.476% gives an estimated price of £90,456.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 13 Aug 2013||Average price on 29 May 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|1 Sep 2014||£57,019||£55,000||5 GWENT TERRACE|
|11 Jul 2014||£190,619||£197,000||13 WOODLAND WALK|
|27 Jun 2014||£81,747||£85,000||3 GWALIA TERRACE|
|9 May 2014||£102,243||£109,950||11 DOLYGARN TERRACE|
|16 Dec 2013||£74,414||£75,000||77 GLANYSTRUTH|
|Apr 2015||Anti-social behaviour||On or near Park/Open Space|
|Mar 2015||Criminal damage and arson||Investigation complete; no suspect identified||On or near Park/Open Space|
|Feb 2015||Criminal damage and arson||Investigation complete; no suspect identified||On or near Park/Open Space|
|May 2015||Violence and sexual offences||Under investigation||On or near Beech Tree Crescent|
|Apr 2015||Anti-social behaviour||On or near Beech Tree Crescent|