£87,462
This estimated value is based upon the latest sale price for the house of £70,000 on 2 Feb 2018. This value is then adjusted by the current Official House Price Index for DORSET 1
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| Price Paid | Date |
|---|---|
| £70,000 | 2 Feb 2018 |
| £66,500 | 4 Jan 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 398 sq feet |
This model uses changes in the Official Land Registry House Price Index for DORSET to estimate the market value.
When this house was purchased in February 2018 the House Price Index for DORSET was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £70,000 results in an estimated price of approximately £87,462.
| 2 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £70,000 | £17,462 | £87,462 |
The Postcode Pricing Model uses changes in average sales price within the BH22 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 | -28.288 % | £-19,801 | £50,198 |
| 3 Month Average | 9.378 % | £6,564 | £76,564 |
| 6 Month Average | 13.224 % | £9,256 | £79,256 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £70,858 | £70,000 | FLAT 103 HOMELANDS HOUSE, 535 RINGWOOD ROAD |
| 1 Mar 2023 | £65,618 | £65,000 | FLAT 12 HOMELANDS HOUSE, 535 RINGWOOD ROAD |
| 31 Jan 2023 | £72,658 | £73,000 | FLAT 2 HOMELANDS HOUSE, 535 RINGWOOD ROAD |
| 11 Jan 2023 | £67,681 | £68,000 | FLAT 60 HOMELANDS HOUSE, 535 RINGWOOD ROAD |
| 2 Sep 2022 | £79,359 | £80,000 | FLAT 19 HOMELANDS HOUSE, 535 RINGWOOD ROAD |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 20 Jun 2017. Using an estimated price of £87,462 means this house is valued at £2,363 per sq meter (£219 per sq foot).
The average size of a house on RINGWOOD ROAD is 80 sq meters (868 sq feet).