£219,501
This estimated value is based upon the latest sale price for the house of £129,950 on 6 Oct 2006. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £129,950 | 6 Oct 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 October 2006 the House Price Index for CITY OF NOTTINGHAM was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.912%.Applying this 68.912% change to the original purchase price of £129,950 results in an estimated price of approximately £219,501.
| 6 Oct 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.912 % | £129,950 | £89,551 | £219,501 |
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 | 43.318 % | £56,291 | £186,241 |
| 3 Month Average | 77.415 % | £100,601 | £230,551 |
| 6 Month Average | 81.587 % | £106,022 | £235,972 |
| 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 62 sq meters or 667 sq feet when measured on 29 May 2013. Using an estimated price of £219,502 means this house is valued at £3,540 per sq meter (£328 per sq foot).
The average size of a house on BAR LANE is 64 sq meters (696 sq feet).