This estimated value is based upon the latest sale price for the house of £399,950 on 9 Aug 2013. This value is then adjusted by the current Official House Price Index for KENT1
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|£399,950||9 Aug 2013|
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in August 2013 the House Price Index for KENT was 88.0.The House Price Index as of 1 Jun 2019 is 128.1 which is a change of 45.574%.
Applying this 45.574% change to the original purchase price of £399,950 gives us an estimated price now of around £582,224.
|9 Aug 2013||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the TN11 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||98.455 %||£393,769||£793,719|
|3 Month Average||29.197 %||£116,774||£516,724|
|6 Month Average||21.818 %||£87,259||£487,209|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In August 2013 the average sale price for the 50 nearest sales within four miles of ORCHARD COTTAGES 1 COLDHARBOUR ROAD was £401,216.
In December 2019 the average sale price for the 47 nearest sales was £399,201. This is a change of -0.502%.
So taking the original purchase price of £399,950 and adjusting it by -0.502% gives an estimated price of £397,942.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 9 Aug 2013||Average price on 26 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|30 Jul 2019||£525,000||£525,000||SPRINGHILL SPRING HILL|
|26 Apr 2019||£510,600||£505,000||12 SMARTS HILL|
|30 Nov 2018||£1,266,562||£1,280,000||WHITEPOST FARM HOUSE COLD HARBOUR ROAD|
|27 Nov 2018||£578,858||£585,000||11 SMARTS HILL|
|27 Nov 2018||£1,137,927||£1,150,000||WEST LODGE SOUTH PARK GROVE ROAD|