This estimated value is based upon the latest sale price for the house of £3,800,000 on 3 Apr 2009. This value is then adjusted by the current Official House Price Index for SURREY1
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|£3,800,000||3 Apr 2009|
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 April 2009 the House Price Index for SURREY was 66.7.The House Price Index as of 1 Sep 2016 is 118.0 which is a change of 77.050%.
Applying this 77.050% change to the original purchase price of £3,800,000 gives us an estimated price now of around £6,727,891.
|3 Apr 2009||1 Sep 2016||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the TW20 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||41.688 %||£1,584,157||£5,384,157|
|3 Month Average||48.654 %||£1,848,844||£5,648,844|
|6 Month Average||36.974 %||£1,405,016||£5,205,016|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In April 2009 the average sale price for the 50 nearest sales within five miles of CASTLEWOOD HOUSE WICK LANE was £388,119.
In October 2016 the average sale price for the 50 nearest sales was £469,066. This is a change of 20.856%.
So taking the original purchase price of £3,800,000 and adjusting it by 20.856% gives an estimated price of £4,592,536.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 3 Apr 2009||Average price on 31 Oct 2016||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|31 Aug 2016||£360,594||£360,000||18 CHERRYWOOD AVENUE|
|31 Mar 2016||£369,056||£352,000||2A FIRBANK PLACE|
|30 Mar 2016||£387,928||£370,000||57 CHERRYWOOD AVENUE|
|8 Jan 2016||£372,826||£351,000||18 LINDEN COURT|
|17 Dec 2015||£370,659||£345,000||37 CHERRYWOOD AVENUE|
|Aug 2016||Vehicle crime||Investigation complete; no suspect identified||On or near Wick Road|
|Aug 2016||Violence and sexual offences||Under investigation||On or near Wick Road|
|Aug 2016||Violence and sexual offences||Investigation complete; no suspect identified||On or near Wick Road|
|Jul 2016||Criminal damage and arson||Investigation complete; no suspect identified||On or near Wick Road|
|Oct 2016||Burglary||Under investigation||On or near Cherrywood Avenue|