£616,789
This estimated value is based upon the latest sale price for the house of £500,000 on 20 Dec 2018. This value is then adjusted by the current Official House Price Index for SURREY 1
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5 Madrid Road, Guilford, GU2 8BN
Phone: 01483665173
| Price Paid | Date |
|---|---|
| £500,000 | 20 Dec 2018 |
| £97,000 | 3 May 1996 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 sq feet |
This model uses changes in the Official Land Registry House Price Index for SURREY to estimate the market value.
When this house was purchased in December 2018 the House Price Index for SURREY was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £500,000 results in an estimated price of approximately £616,789.
| 20 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £500,000 | £116,789 | £616,789 |
The Postcode Pricing Model uses changes in average sales price within the GU2 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 | 112.842 % | £564,207 | £1,064,207 |
| 3 Month Average | -3.552 % | £-17,761 | £482,238 |
| 6 Month Average | 7.165 % | £35,823 | £535,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £516,958 | £510,000 | 27 RYDES HILL ROAD |
| 7 Sep 2022 | £446,395 | £450,000 | 32 RYDES AVENUE |
| 19 Apr 2022 | £494,304 | £480,000 | 23 RYDES HILL ROAD |
| 28 Mar 2022 | £595,851 | £575,000 | 65 RYDES HILL ROAD |
| 10 Mar 2022 | £580,307 | £560,000 | 31 RYDES HILL ROAD |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 21 May 2018. Using an estimated price of £616,790 means this house is valued at £5,930 per sq meter (£550 per sq foot).
The average size of a house on SHEPHERDS LANE is 98 sq meters (1,062 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rydes Avenue |
| Mar 2024 | Anti-social behaviour | On or near Ryde'S Hill Road | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Ryde'S Hill Road |
| Jan 2024 | Theft from the person | Under investigation | On or near Peterborough Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lincoln Road |