£229,543
This estimated value is based upon the latest sale price for the house of £120,000 on 1 Oct 2004. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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Price Paid | Date |
---|---|
£120,000 | 1 Oct 2004 |
£40,000 | 26 Jan 1995 |
Detached |
Freehold |
Floor Area: 64 sq meters or 688 sq feet |
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 October 2004 the House Price Index for NOTTINGHAMSHIRE was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £120,000 results in an estimated price of approximately £229,543.
1 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
78.3 | 149.7 | 91.287 % | £120,000 | £109,543 | £229,543 |
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 | 35.387 % | £42,464 | £162,464 |
3 Month Average | 68.797 % | £82,556 | £202,556 |
6 Month Average | 77.586 % | £93,102 | £213,102 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Dec 2023 | £189,833 | £184,000 | 6 EARLSWOOD DRIVE |
30 Nov 2023 | £223,678 | £218,000 | 87 LITTLE BARN LANE |
10 Jan 2023 | £105,281 | £105,000 | 10 BARN CROFT |
17 Aug 2022 | £165,775 | £165,000 | 7 BARN CLOSE |
30 Sep 2021 | £170,977 | £157,500 | 16 EARLSWOOD DRIVE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 8 Aug 2016. Using an estimated price of £229,544 means this house is valued at £3,586 per sq meter (£333 per sq foot).
The average size of a house on LITTLE BARN LANE is 102 sq meters (1,108 sq feet).