£111,484
This estimated value is based upon the latest sale price for the house of £86,000 on 31 May 2017. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£86,000 | 31 May 2017 |
£105,000 | 26 Sep 2007 |
£70,000 | 20 Sep 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 73 sq meters or 785 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 May 2017 the House Price Index for CITY OF NOTTINGHAM was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £86,000 results in an estimated price of approximately £111,484.
31 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 149.7 | 29.633 % | £86,000 | £25,484 | £111,484 |
The Postcode Pricing Model uses changes in average sales price within the NG7 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 | 41.357 % | £35,567 | £121,567 |
3 Month Average | 57.128 % | £49,129 | £135,129 |
6 Month Average | 51.269 % | £44,091 | £130,091 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Dec 2023 | £72,219 | £70,000 | 21 PATTERSON ROAD |
26 Sep 2023 | £89,472 | £87,500 | APARTMENT 6 THE PAVILION, 3 RUSSELL ROAD |
4 Apr 2023 | £152,859 | £150,000 | 5 SOPHIE ROAD |
29 Mar 2023 | £122,038 | £120,000 | APARTMENT 16 THE PAVILION, 3 RUSSELL ROAD |
18 May 2022 | £282,356 | £275,000 | 31 GREGORY BOULEVARD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 10 Aug 2018. Using an estimated price of £111,484 means this house is valued at £1,527 per sq meter (£141 per sq foot).
The average size of a house on NOEL STREET is 82 sq meters (885 sq feet).