£239,604
This estimated value is based upon the latest sale price for the house of £165,000 on 18 Jun 2015. This value is then adjusted by the current Official House Price Index for GLOUCESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £165,000 | 18 Jun 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 sq feet |
This model uses changes in the Official Land Registry House Price Index for GLOUCESTERSHIRE to estimate the market value.
When this house was purchased in June 2015 the House Price Index for GLOUCESTERSHIRE was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £165,000 results in an estimated price of approximately £239,604.
| 18 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £165,000 | £74,604 | £239,604 |
The Postcode Pricing Model uses changes in average sales price within the GL1 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 | 16.045 % | £26,474 | £191,474 |
| 3 Month Average | 45.818 % | £75,598 | £240,598 |
| 6 Month Average | 46.374 % | £76,516 | £241,516 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £159,867 | £157,500 | FLAT 19 BIDDLE & SHIPTON WAREHOUSE |
| 5 Sep 2023 | £276,029 | £272,500 | FLAT 26 LOCK WAREHOUSE SEVERN ROAD |
| 30 Nov 2022 | £281,589 | £285,000 | FLAT 21 NORTH POINT, 9 SEVERN ROAD |
| 11 Nov 2022 | £148,155 | £149,950 | FLAT 16 BIDDLE & SHIPTON WAREHOUSE |
| 31 Oct 2022 | £142,466 | £144,000 | FLAT 10 LOCK WAREHOUSE SEVERN ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 18 Dec 2012. Using an estimated price of £239,605 means this house is valued at £4,520 per sq meter (£420 per sq foot).
The average size of a house on SEVERN ROAD is 71 sq meters (765 sq feet).