£110,838
This estimated value is based upon the latest sale price for the house of £29,000 on 1 Mar 2000. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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| Price Paid | Date |
|---|---|
| £29,000 | 1 Mar 2000 |
| £26,000 | 14 Jan 2000 |
| Terraced |
| Freehold |
| Floor Area: 44 sq meters or 481 sq feet |
This model uses changes in the Official Land Registry House Price Index for NOTTINGHAMSHIRE to estimate the market value.
When this house was purchased in March 2000 the House Price Index for NOTTINGHAMSHIRE was 38.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 282.203%.Applying this 282.203% change to the original purchase price of £29,000 results in an estimated price of approximately £110,838.
| 1 Mar 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 38.4 | 146.7 | 282.203 % | £29,000 | £81,838 | £110,838 |
The Postcode Pricing Model uses changes in average sales price within the NG24 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 | 215.124 % | £62,385 | £91,385 |
| 3 Month Average | 239.648 % | £69,497 | £98,497 |
| 6 Month Average | 276.939 % | £80,312 | £109,312 |
This house has a floor area of 44 sq meters or 481 sq feet when measured on 15 Feb 2011.
The average size of a house on CASTLE GATE is 90 sq meters (972 sq feet).
This house is the smallest in the street with a floor area of 44 sq meters (481 sq feet).