£93,289
This estimated value is based upon the latest sale price for the house of £74,000 on 2 Nov 2017. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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| Price Paid | Date |
|---|---|
| £74,000 | 2 Nov 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 35 sq meters or 376 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 November 2017 the House Price Index for CITY OF DERBY was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £74,000 results in an estimated price of approximately £93,289.
| 2 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £74,000 | £19,289 | £93,289 |
The Postcode Pricing Model uses changes in average sales price within the DE1 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 | -17.188 % | £-12,719 | £61,280 |
| 3 Month Average | 21.812 % | £16,141 | £90,141 |
| 6 Month Average | 44.511 % | £32,937 | £106,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £131,774 | £130,000 | 126 NORMAN HOUSE FRIAR GATE |
| 10 Mar 2023 | £69,151 | £68,500 | 115 NORMAN HOUSE FRIAR GATE |
| 29 Jul 2022 | £65,175 | £65,000 | 315 NORMAN HOUSE FRIAR GATE |
| 13 Jul 2022 | £66,178 | £66,000 | 208 NORMAN HOUSE FRIAR GATE |
| 13 Aug 2021 | £334,685 | £300,000 | 3 GEORGE STREET |
This house has a floor area of 35 sq meters or 376 sq feet when measured on 10 Feb 2017. Using an estimated price of £93,290 means this house is valued at £2,665 per sq meter (£247 per sq foot).
The average size of a house on FRIAR GATE is 62 sq meters (677 sq feet).