£396,410
This estimated value is based upon the latest sale price for the house of £230,000 on 23 Nov 2011. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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| Price Paid | Date |
|---|---|
| £230,000 | 23 Nov 2011 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 2011 the House Price Index for CITY OF DERBY was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.352%.Applying this 72.352% change to the original purchase price of £230,000 results in an estimated price of approximately £396,410.
| 23 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.352 % | £230,000 | £166,410 | £396,410 |
The Postcode Pricing Model uses changes in average sales price within the DE23 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 | 2.447 % | £5,629 | £235,629 |
| 3 Month Average | 24.299 % | £55,888 | £285,888 |
| 6 Month Average | 50.878 % | £117,019 | £347,019 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £111,653 | £110,000 | 340 NORMANTON ROAD |
| 28 Apr 2023 | £217,340 | £215,000 | 24 LYNDHURST STREET |
| 16 Mar 2022 | £154,403 | £149,000 | 342A NORMANTON ROAD |
| 28 Jan 2022 | £123,132 | £117,000 | 24 CHESTNUT AVENUE |
| 7 Dec 2021 | £150,528 | £140,500 | 14 CHESTNUT AVENUE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 7 Dec 2013. Using an estimated price of £396,410 means this house is valued at £3,848 per sq meter (£357 per sq foot).
The average size of a house on NORMANTON ROAD is 70 sq meters (761 sq feet).