£203,631
This estimated value is based upon the latest sale price for the house of £125,000 on 9 Feb 2007. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £125,000 | 9 Feb 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 February 2007 the House Price Index for CITY OF NOTTINGHAM was 91.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.906%.Applying this 62.906% change to the original purchase price of £125,000 results in an estimated price of approximately £203,631.
| 9 Feb 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 148.6 | 62.906 % | £125,000 | £78,631 | £203,631 |
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 | 53.099 % | £66,373 | £191,373 |
| 3 Month Average | 88.327 % | £110,408 | £235,408 |
| 6 Month Average | 94.947 % | £118,684 | £243,684 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2023 | £126,878 | £125,000 | FLAT 10 COMMODORE COURT, 1 BAR LANE |
| 13 Jul 2023 | £114,542 | £113,000 | 1 COMMODORE GARDENS |
| 10 Feb 2023 | £259,825 | £260,000 | 399A NUTHALL ROAD |
| 26 Oct 2022 | £183,029 | £185,000 | 21 COMMODORE GARDENS |
| 24 Jun 2022 | £446,307 | £440,000 | 446 NUTHALL ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 29 May 2013. Using an estimated price of £203,632 means this house is valued at £3,451 per sq meter (£320 per sq foot).
The average size of a house on BAR LANE is 64 sq meters (696 sq feet).