£252,608
This estimated value is based upon the latest sale price for the house of £205,000 on 18 May 2020. This value is then adjusted by the current Official House Price Index for READING 1
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| Price Paid | Date |
|---|---|
| £205,000 | 18 May 2020 |
| £225,000 | 19 Jul 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 34 sq meters or 365 sq feet |
This model uses changes in the Official Land Registry House Price Index for READING to estimate the market value.
When this house was purchased in May 2020 the House Price Index for READING was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £205,000 results in an estimated price of approximately £252,608.
| 18 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £205,000 | £47,608 | £252,608 |
The Postcode Pricing Model uses changes in average sales price within the RG1 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 | 59.244 % | £121,450 | £326,450 |
| 3 Month Average | 27.303 % | £55,970 | £260,970 |
| 6 Month Average | 12.127 % | £24,860 | £229,860 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £215,000 | £215,000 | FLAT 514 HANOVER HOUSE, 202 KINGS ROAD |
| 6 Jun 2023 | £122,454 | £120,000 | UNIT 3 MARINERS COURT |
| 18 Mar 2022 | £339,278 | £325,000 | THIRD AND FOURTH FLOOR MAISONETTE 15 MARKWICK TERRACE |
| 15 Oct 2021 | £278,667 | £250,000 | UNIT 7 FOURTH AVENUE |
| 24 Sep 2021 | £282,248 | £260,000 | FLAT 4 COMPASS HOUSE MARINERS COURT |
This house has a floor area of 34 sq meters or 365 sq feet when measured on 30 Jun 2016. Using an estimated price of £252,608 means this house is valued at £7,429 per sq meter (£690 per sq foot).
The average size of a house on KINGS ROAD is 53 sq meters (578 sq feet).