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|£1,923,178||25 Jun 2019|
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in June 2019 the House Price Index for GREATER LONDON was 120.4.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 2.317%.
Applying this 2.317% change to the original purchase price of £1,923,178 gives us an estimated price now of around £1,967,738.
|25 Jun 2019||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the UB8 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||80.258 %||£1,543,502||£3,466,680|
|3 Month Average||47.808 %||£919,424||£2,842,602|
|6 Month Average||25.928 %||£498,641||£2,421,819|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In June 2019 the average sale price for the 50 nearest sales within two miles of OTTER HOUSE, 5 COWLEY BUSINESS PARK was £353,352.
In September 2020 the average sale price for the 9 nearest sales was £478,417. This is a change of 35.394%.
So taking the original purchase price of £1,923,178 and adjusting it by 35.394% gives an estimated price of £2,603,866.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 25 Jun 2019||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|5 Aug 2019||£353,124||£350,000||24 HERITAGE CLOSE|
|15 Mar 2019||£235,184||£230,000||14 CURRAN CLOSE|
|23 Jan 2019||£257,784||£255,000||17 CURRAN CLOSE|
|26 Oct 2018||£509,045||£510,000||80 FERNDALE CRESCENT|
|1 Oct 2018||£289,651||£290,194||1 BOULMER ROAD|