£297,614
This estimated value is based upon the latest sale price for the house of £192,495 on 23 May 2014. This value is then adjusted by the current Official House Price Index for READING 1
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159 Friar Street, Reading, RG1 1HE
Phone: 01184439283
Price Paid | Date |
---|---|
£192,495 | 23 May 2014 |
Flats/Maisonettes |
Leasehold |
Floor Area: 60 sq meters or 645 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 2014 the House Price Index for READING was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £192,495 results in an estimated price of approximately £297,614.
23 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 148.6 | 54.609 % | £192,495 | £105,119 | £297,614 |
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 | 28.396 % | £54,659 | £247,154 |
3 Month Average | 36.168 % | £69,622 | £262,117 |
6 Month Average | 50.112 % | £96,463 | £288,958 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £172,202 | £170,000 | FLAT 103 GARRARD HOUSE, 30 GARRARD STREET |
23 Jun 2023 | £182,207 | £180,000 | FLAT 19 ICON HOUSE MERCHANTS PLACE |
6 Jun 2022 | £187,652 | £185,000 | FLAT 203 GARRARD HOUSE, 30 GARRARD STREET |
14 Jan 2022 | £198,905 | £189,000 | FLAT 6 GARRARD HOUSE, 30 GARRARD STREET |
17 Jul 2020 | £253,933 | £210,000 | FLAT 301 GARRARD HOUSE, 30 GARRARD STREET |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 29 Mar 2021. Using an estimated price of £297,614 means this house is valued at £4,960 per sq meter (£460 per sq foot).
The average size of a house on MERCHANTS PLACE is 58 sq meters (625 sq feet).