This estimated value is based upon the latest sale price for the house of £400,000 on 23 Nov 2005. This value is then adjusted by the current Official House Price Index for DORSET1
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|£400,000||23 Nov 2005|
This model uses changes in the Official Land Registry House Price Index for DORSET to estimate the market value.
When this house was purchased in November 2005 the House Price Index for DORSET was 84.0.The House Price Index as of 1 Jun 2019 is 117.5 which is a change of 39.789%.
Applying this 39.789% change to the original purchase price of £400,000 gives us an estimated price now of around £559,157.
|23 Nov 2005||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the BH16 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||50.042 %||£200,169||£600,169|
|3 Month Average||55.136 %||£220,545||£620,545|
|6 Month Average||46.882 %||£187,528||£587,528|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2005 the average sale price for the 50 nearest sales within three miles of WESTWINDS BEACH ROAD was £176,912.
In October 2019 the average sale price for the 50 nearest sales was £343,679. This is a change of 94.266%.
So taking the original purchase price of £400,000 and adjusting it by 94.266% gives an estimated price of £777,062.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 23 Nov 2005||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|26 Jul 2019||£397,500||£397,500||3 WATERY LANE|
|21 Jun 2019||£520,000||£520,000||199 SANDY LANE|
|14 Feb 2019||£264,477||£265,000||10 BARN CLOSE|
|27 Sep 2018||£245,481||£250,000||17 BARN CLOSE|
|14 Sep 2018||£279,849||£285,000||10A SEA VIEW ROAD|