£162,301
This estimated value is based upon the latest sale price for the house of £57,950 on 12 Jul 2002. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
There has been one burglary within the last year on or near The Wells Road
More crime details
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| Price Paid | Date |
|---|---|
| £57,950 | 12 Jul 2002 |
| £56,000 | 22 Jan 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 July 2002 the House Price Index for CITY OF NOTTINGHAM was 53.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 180.072%.Applying this 180.072% change to the original purchase price of £57,950 results in an estimated price of approximately £162,301.
| 12 Jul 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 148.6 | 180.072 % | £57,950 | £104,351 | £162,301 |
The Postcode Pricing Model uses changes in average sales price within the NG3 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 | 161.317 % | £93,483 | £151,433 |
| 3 Month Average | 146.043 % | £84,632 | £142,582 |
| 6 Month Average | 176.589 % | £102,333 | £160,283 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £212,720 | £210,000 | 278 THE WELLS ROAD |
| 1 Jun 2023 | £147,790 | £146,000 | 326 THE WELLS ROAD |
| 18 Jul 2022 | £246,664 | £246,000 | 11 BRODWELL GROVE |
| 30 Jun 2022 | £162,294 | £160,000 | 22 KINGSTHORPE CLOSE |
| 20 Apr 2022 | £99,891 | £97,000 | 453 THE WELLS ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 9 Mar 2018. Using an estimated price of £162,302 means this house is valued at £1,887 per sq meter (£175 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near The Wells Road |
| Jan 2024 | Other crime | Under investigation | On or near Kingsthorpe Close |