£124,806
This estimated value is based upon the latest sale price for the house of £99,000 on 24 Nov 2017. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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| Price Paid | Date |
|---|---|
| £99,000 | 24 Nov 2017 |
| £131,500 | 20 Jun 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF DERBY to estimate the market value.
When this house was purchased in November 2017 the House Price Index for CITY OF DERBY was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £99,000 results in an estimated price of approximately £124,806.
| 24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £99,000 | £25,806 | £124,806 |
The Postcode Pricing Model uses changes in average sales price within the DE24 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 | 29.628 % | £29,331 | £128,331 |
| 3 Month Average | 45.231 % | £44,778 | £143,778 |
| 6 Month Average | 41.366 % | £40,952 | £139,952 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £119,275 | £117,750 | 61 PANAMA CIRCLE |
| 25 Aug 2023 | £251,198 | £249,000 | 11 PANAMA CIRCLE |
| 30 Jun 2023 | £253,065 | £250,000 | 3 PANAMA CIRCLE |
| 21 Apr 2023 | £121,306 | £120,000 | 54 MAGELLAN WAY |
| 11 Apr 2023 | £173,872 | £172,000 | 29 PANAMA CIRCLE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 27 Jul 2018. Using an estimated price of £124,806 means this house is valued at £2,115 per sq meter (£196 per sq foot).
The average size of a house on OCEAN COURT is 75 sq meters (816 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Magellan Way |
| Mar 2024 | Robbery | Under investigation | On or near Magellan Way |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Magellan Way |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Magellan Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magellan Way |