£191,858
This estimated value is based upon the latest sale price for the house of £116,995 on 26 Jul 2013. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £116,995 | 26 Jul 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF NOTTINGHAM to estimate the market value.
When this house was purchased in July 2013 the House Price Index for CITY OF NOTTINGHAM was 89.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 63.988%.Applying this 63.988% change to the original purchase price of £116,995 results in an estimated price of approximately £191,858.
| 26 Jul 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 146.7 | 63.988 % | £116,995 | £74,863 | £191,858 |
The Postcode Pricing Model uses changes in average sales price within the NG6 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 | 68.535 % | £80,181 | £197,176 |
| 3 Month Average | 88.526 % | £103,571 | £220,566 |
| 6 Month Average | 86.104 % | £100,737 | £217,732 |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 2 Jul 2013.
The average size of a house on PADLEY CLOSE is 80 sq meters (864 sq feet).