£388,879
This estimated value is based upon the latest sale price for the house of £85,000 on 25 Nov 1998. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
There have been two burglaries within the last year on or near Hermitage Way
More crime details
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| Price Paid | Date |
|---|---|
| £85,000 | 25 Nov 1998 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for NOTTINGHAMSHIRE to estimate the market value.
When this house was purchased in November 1998 the House Price Index for NOTTINGHAMSHIRE was 32.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 357.505%.Applying this 357.505% change to the original purchase price of £85,000 results in an estimated price of approximately £388,879.
| 25 Nov 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 146.7 | 357.505 % | £85,000 | £303,879 | £388,879 |
The Postcode Pricing Model uses changes in average sales price within the NG18 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 | 55.655 % | £47,307 | £132,307 |
| 3 Month Average | 311.240 % | £264,553 | £349,553 |
| 6 Month Average | 357.139 % | £303,568 | £388,568 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Hermitage Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hermitage Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hermitage Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Kings Mill Way |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kings Mill Way |