£550,018
This estimated value is based upon the latest sale price for the house of £191,000 on 21 Jun 2002. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £191,000 | 21 Jun 2002 |
| Flats/Maisonettes |
| Leasehold |
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 June 2002 the House Price Index for CITY OF NOTTINGHAM was 52.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 187.968%.Applying this 187.968% change to the original purchase price of £191,000 results in an estimated price of approximately £550,018.
| 21 Jun 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 52.0 | 149.7 | 187.968 % | £191,000 | £359,018 | £550,018 |
The Postcode Pricing Model uses changes in average sales price within the NG1 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 | -46.438 % | £-88,696 | £102,303 |
| 3 Month Average | 55.596 % | £106,187 | £297,187 |
| 6 Month Average | 62.897 % | £120,133 | £311,133 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jan 2023 | £200,536 | £200,000 | APARTMENT 6D PARK HEIGHTS, 4 - 6 THE ROPEWALK |
| 28 Nov 2022 | £859,979 | £864,000 | 16 THE ROPEWALK |
| 10 Nov 2022 | £133,376 | £134,000 | 3 CANNING TERRACE |
| 7 Nov 2022 | £213,999 | £215,000 | FLAT 6 THE PINNACLE COTTAGE TERRACE |
| 9 May 2022 | £256,687 | £250,000 | FLAT 2 OXFORD HEIGHTS, 22 THE ROPEWALK |