£69,336
This estimated value is based upon the latest sale price for the house of £55,000 on 30 Nov 2017. This value is then adjusted by the current Official House Price Index for DEVON 1
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| Price Paid | Date |
|---|---|
| £55,000 | 30 Nov 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 479 sq feet |
This model uses changes in the Official Land Registry House Price Index for DEVON to estimate the market value.
When this house was purchased in November 2017 the House Price Index for DEVON was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £55,000 results in an estimated price of approximately £69,336.
| 30 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £55,000 | £14,336 | £69,336 |
The Postcode Pricing Model uses changes in average sales price within the EX1 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 | 30.279 % | £16,653 | £71,653 |
| 3 Month Average | 3.235 % | £1,779 | £56,779 |
| 6 Month Average | 6.265 % | £3,445 | £58,445 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £142,493 | £140,000 | 8 GILBERT HOUSE RED LION LANE |
| 18 Aug 2023 | £136,696 | £135,500 | 18 ACLAND HOUSE VERNEY STREET |
| 4 Aug 2023 | £141,236 | £140,000 | FIRST FLOOR FLAT 8 OXFORD ROAD |
| 24 Jul 2023 | £172,319 | £170,000 | FLAT 3 101 SIDWELL STREET |
| 13 Apr 2023 | £126,361 | £125,000 | 6 ACLAND HOUSE VERNEY STREET |
This house has a floor area of 44 sq meters or 479 sq feet when measured on 14 Nov 2011. Using an estimated price of £69,337 means this house is valued at £1,557 per sq meter (£144 per sq foot).
The average size of a house on RED LION LANE is 54 sq meters (590 sq feet).