£126,911
This estimated value is based upon the latest sale price for the house of £29,950 on 27 Aug 1999. 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 Melbourne Road
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| Price Paid | Date |
|---|---|
| £29,950 | 27 Aug 1999 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 August 1999 the House Price Index for CITY OF NOTTINGHAM was 34.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 323.743%.Applying this 323.743% change to the original purchase price of £29,950 results in an estimated price of approximately £126,911.
| 27 Aug 1999 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.6 | 146.7 | 323.743 % | £29,950 | £96,961 | £126,911 |
The Postcode Pricing Model uses changes in average sales price within the NG8 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 | 316.394 % | £94,759 | £124,709 |
| 3 Month Average | 356.079 % | £106,645 | £136,595 |
| 6 Month Average | 331.696 % | £99,343 | £129,293 |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 13 Aug 2018.
The average size of a house on MELBOURNE ROAD is 82 sq meters (892 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Melbourne Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Melbourne Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbourne Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Melbourne Road |
| Feb 2024 | Anti-social behaviour | On or near Melbourne Road |