£71,474
This estimated value is based upon the latest sale price for the house of £57,950 on 29 Jul 2019. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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| Price Paid | Date |
|---|---|
| £57,950 | 29 Jul 2019 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 July 2019 the House Price Index for CITY OF DERBY was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £57,950 results in an estimated price of approximately £71,474.
| 29 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £57,950 | £13,524 | £71,474 |
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 | -43.877 % | £-25,426 | £32,523 |
| 3 Month Average | -8.200 % | £-4,751 | £53,198 |
| 6 Month Average | 8.844 % | £5,125 | £63,075 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £100,763 | £99,000 | 48 ST THOMAS ROAD |
| 7 Jul 2023 | £101,364 | £100,000 | 84 BECHER STREET |
| 27 Jun 2022 | £178,523 | £176,000 | 1 YATES STREET |
| 27 May 2022 | £208,937 | £205,000 | PEAR TREE LIBRARY PEAR TREE ROAD |
| 28 Oct 2020 | £111,443 | £95,000 | 40 ST THOMAS ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 11 Mar 2019. Using an estimated price of £71,474 means this house is valued at £736 per sq meter (£68 per sq foot).
The average size of a house on RICHMOND ROAD is 102 sq meters (1,108 sq feet).