£294,690
This estimated value is based upon the latest sale price for the house of £225,000 on 16 Feb 2017. This value is then adjusted by the current Official House Price Index for SOUTHAMPTON 1
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Price Paid | Date |
---|---|
£225,000 | 16 Feb 2017 |
Terraced |
Freehold |
Floor Area: 64 sq meters or 688 sq feet |
This model uses changes in the Official Land Registry House Price Index for SOUTHAMPTON to estimate the market value.
When this house was purchased in February 2017 the House Price Index for SOUTHAMPTON was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £225,000 results in an estimated price of approximately £294,690.
16 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £225,000 | £69,690 | £294,690 |
The Postcode Pricing Model uses changes in average sales price within the SO16 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 | 15.531 % | £34,943 | £259,943 |
3 Month Average | 21.147 % | £47,580 | £272,580 |
6 Month Average | 17.859 % | £40,181 | £265,181 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £151,855 | £148,000 | THE LENNOX BUILDING, 46 MERCATOR CLOSE |
11 Aug 2023 | £213,857 | £210,000 | THE CASSINI BUILDING, 28 MERCATOR CLOSE |
15 Feb 2023 | £337,253 | £335,000 | 21 MERCATOR CLOSE |
23 Nov 2022 | £268,743 | £270,000 | 422 ROMSEY ROAD |
25 Nov 2021 | £78,445 | £72,000 | 20 CHARLES ARDEN CLOSE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 7 Feb 2017. Using an estimated price of £294,690 means this house is valued at £4,604 per sq meter (£427 per sq foot).
The average size of a house on ROMSEY ROAD is 78 sq meters (844 sq feet).