£234,366
This estimated value is based upon the latest sale price for the house of £229,950 on 16 May 2022. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£229,950 | 16 May 2022 |
£115,000 | 17 Jan 2003 |
£47,950 | 15 Dec 1995 |
Semi-Detached |
Freehold |
Floor Area: 55 sq meters or 592 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 2022 the House Price Index for CITY OF NOTTINGHAM was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £229,950 results in an estimated price of approximately £234,366.
16 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.8 | 148.6 | 1.920 % | £229,950 | £4,416 | £234,366 |
The Postcode Pricing Model uses changes in average sales price within the NG8 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 | -49.928 % | £-114,808 | £115,141 |
3 Month Average | 8.589 % | £19,750 | £249,700 |
6 Month Average | 20.742 % | £47,695 | £277,645 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £243,108 | £240,000 | 56 DEAN CLOSE |
14 Apr 2023 | £298,211 | £295,000 | 2 MIDDLE NOOK |
24 Mar 2023 | £154,960 | £153,500 | 20 DEAN CLOSE |
12 Jul 2022 | £189,109 | £188,600 | 34 DEAN CLOSE |
23 Jun 2022 | £289,085 | £285,000 | 77 TROWELL ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 6 Mar 2017. Using an estimated price of £234,366 means this house is valued at £4,261 per sq meter (£395 per sq foot).
The average size of a house on DEAN CLOSE is 62 sq meters (674 sq feet).