£1,493,081
This estimated value is based upon the latest sale price for the house of £320,000 on 7 Aug 1998. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £320,000 | 7 Aug 1998 |
| £185,000 | 29 Nov 1996 |
| £165,000 | 3 Oct 1995 |
| Detached |
| Freehold |
| Floor Area: 218 sq meters or 2,346 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 August 1998 the House Price Index for CITY OF NOTTINGHAM was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 366.588%.Applying this 366.588% change to the original purchase price of £320,000 results in an estimated price of approximately £1,493,081.
| 7 Aug 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.6 | 366.588 % | £320,000 | £1,173,081 | £1,493,081 |
The Postcode Pricing Model uses changes in average sales price within the NG7 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 | 250.118 % | £800,378 | £1,120,378 |
| 3 Month Average | 259.969 % | £831,900 | £1,151,900 |
| 6 Month Average | 295.081 % | £944,259 | £1,264,259 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2023 | £414,463 | £410,000 | FLAT 28 ROYAL STANDARD HOUSE STANDARD HILL |
| 29 Jul 2022 | £243,656 | £243,000 | 9 VALLEY HOUSE PARK VALLEY |
| 17 May 2022 | £163,073 | £160,000 | APARTMENT 97 THE ARENA STANDARD HILL |
| 13 May 2022 | £382,202 | £375,000 | FLAT 27 ROYAL STANDARD HOUSE STANDARD HILL |
| 18 Mar 2022 | £222,796 | £215,000 | APARTMENT 9 THE ARENA STANDARD HILL |
This house has a floor area of 218 sq meters or 2,346 sq feet when measured on 7 Jun 2018. Using an estimated price of £1,493,082 means this house is valued at £6,849 per sq meter (£636 per sq foot).
The average size of a house on PARK VALLEY is 108 sq meters (1,169 sq feet).
This house is the largest in the street with a floor area of 218 sq meters (2,346 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Castle Grove | |
| Mar 2024 | Anti-social behaviour | On or near Castle Grove | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Park Valley |
| Mar 2024 | Vehicle crime | Under investigation | On or near Park Valley |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Valley |