£977,302
This estimated value is based upon the latest sale price for the house of £525,000 on 1 Dec 2004. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
There has been one burglary within the last year on or near Park Terrace
More crime details
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| Price Paid | Date |
|---|---|
| £525,000 | 1 Dec 2004 |
| £450,000 | 10 Dec 2003 |
| Flats/Maisonettes |
| Leasehold |
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 December 2004 the House Price Index for CITY OF NOTTINGHAM was 78.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 86.153%.Applying this 86.153% change to the original purchase price of £525,000 results in an estimated price of approximately £977,302.
| 1 Dec 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 146.7 | 86.153 % | £525,000 | £452,302 | £977,302 |
The Postcode Pricing Model uses changes in average sales price within the NG1 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 | 7.974 % | £41,862 | £566,862 |
| 3 Month Average | 10.428 % | £54,749 | £579,749 |
| 6 Month Average | 34.385 % | £180,519 | £705,519 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Park Terrace |
| Feb 2024 | Drugs | Under investigation | On or near Oxford Street |
| Jan 2024 | Burglary | Under investigation | On or near Park Terrace |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oxford Street |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Terrace |