£323,076
This estimated value is based upon the latest sale price for the house of £66,000 on 12 Dec 1997. This value is then adjusted by the current Official House Price Index for DERBYSHIRE 1
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| Price Paid | Date |
|---|---|
| £66,000 | 12 Dec 1997 |
| £53,000 | 27 Jan 1995 |
| Semi-Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for DERBYSHIRE to estimate the market value.
When this house was purchased in December 1997 the House Price Index for DERBYSHIRE was 30.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 389.509%.Applying this 389.509% change to the original purchase price of £66,000 results in an estimated price of approximately £323,076.
| 12 Dec 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 148.6 | 389.509 % | £66,000 | £257,076 | £323,076 |
The Postcode Pricing Model uses changes in average sales price within the S40 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 | 209.106 % | £138,009 | £204,009 |
| 3 Month Average | 286.786 % | £189,278 | £255,278 |
| 6 Month Average | 279.744 % | £184,631 | £250,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £402,034 | £395,000 | 87 SOMERSALL PARK ROAD |
| 2 Feb 2023 | £234,842 | £235,000 | APARTMENT 5 THE CEDARS, 48 SOMERSALL LANE |
| 2 Sep 2022 | £287,677 | £290,000 | 85 SOMERSALL PARK ROAD |
| 15 Jul 2022 | £350,945 | £350,000 | 41 SOMERSALL PARK ROAD |
| 12 Apr 2022 | £566,390 | £550,000 | 22 SOMERSALL LANE |