This estimated value is based upon the latest sale price for the house of £95,000 on 22 Dec 1997. This value is then adjusted by the current Official House Price Index for TORFAEN1
Get our free house price tracker.
|£95,000||22 Dec 1997|
This model uses changes in the Official Land Registry House Price Index for TORFAEN to estimate the market value.
When this house was purchased in December 1997 the House Price Index for TORFAEN was 34.0.The House Price Index as of 1 Dec 2019 is 129.3 which is a change of 280.363%.
Applying this 280.363% change to the original purchase price of £95,000 gives us an estimated price now of around £361,344.
|22 Dec 1997||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the NP44 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||139.264 %||£132,301||£227,301|
|3 Month Average||296.926 %||£282,079||£377,079|
|6 Month Average||236.591 %||£224,761||£319,761|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In December 1997 the average sale price for the 50 nearest sales within three miles of UNIT 42 was £41,043.
In September 2020 the average sale price for the 2 nearest sales was £297,489. This is a change of 624.823%.
So taking the original purchase price of £95,000 and adjusting it by 624.823% gives an estimated price of £688,581.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 22 Dec 1997||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|4 Oct 2019||£151,445||£150,000||12 ASH GREEN|
|2 Aug 2019||£168,994||£168,200||119 COURT FARM ROAD|
|27 Jun 2019||£116,556||£116,000||106 GREEN WILLOWS|
|11 Jun 2019||£75,360||£75,000||THE OAKFIELD CROESWEN|
|16 May 2019||£200,606||£195,000||55 FIELDS ROAD|