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|£493,000||7 Jul 2016|
|£143,500||21 Jun 1995|
This model uses changes in the Official Land Registry House Price Index for NORTHAMPTONSHIRE to estimate the market value.
When this house was purchased in July 2016 the House Price Index for NORTHAMPTONSHIRE was 115.8.The House Price Index as of 1 Dec 2019 is 132.3 which is a change of 14.242%.
Applying this 14.242% change to the original purchase price of £493,000 gives us an estimated price now of around £563,212.
|7 Jul 2016||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the PE8 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||24.686 %||£121,703||£614,703|
|3 Month Average||0.480 %||£2,364||£495,364|
|6 Month Average||11.637 %||£57,368||£550,368|
|Date||Current Estimated Value||Price Paid||Address|
|1 Mar 2019||£402,167||£400,000||THE FORGE|
|19 Dec 2018||£6,069||£6,000||WADENHOE HOUSE|
|6 Nov 2018||£298,509||£297,000||9|
|26 Oct 2018||£563,831||£565,000||2 MILL LANE|
|31 Aug 2018||£729,275||£730,000||KEEPERS COTTAGE|