£84,473
This estimated value is based upon the latest sale price for the house of £22,800 on 5 Jun 2000. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £22,800 | 5 Jun 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 June 2000 the House Price Index for CITY OF NOTTINGHAM was 39.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 270.499%.Applying this 270.499% change to the original purchase price of £22,800 results in an estimated price of approximately £84,473.
| 5 Jun 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.6 | 146.7 | 270.499 % | £22,800 | £61,673 | £84,473 |
The Postcode Pricing Model uses changes in average sales price within the NG5 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 | 179.240 % | £40,866 | £63,666 |
| 3 Month Average | 243.129 % | £55,433 | £78,233 |
| 6 Month Average | 266.002 % | £60,648 | £83,448 |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 20 Dec 2016.
The average size of a house on CHERRY ORCHARD MOUNT is 86 sq meters (931 sq feet).