£108,054
This estimated value is based upon the latest sale price for the house of £51,000 on 2 Feb 2004. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £51,000 | 2 Feb 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 2004 the House Price Index for CITY OF NOTTINGHAM was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £51,000 results in an estimated price of approximately £108,054.
| 2 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £51,000 | £57,054 | £108,054 |
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 | 54.900 % | £27,998 | £78,998 |
| 3 Month Average | 54.618 % | £27,855 | £78,855 |
| 6 Month Average | 73.303 % | £37,384 | £88,384 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £295,164 | £290,000 | UNIT D GADD STREET |
| 15 Jun 2022 | £365,160 | £360,000 | 8 LAKE STREET |
| 24 Jan 2022 | £157,861 | £150,000 | 218 ALFRETON ROAD |
| 5 Jan 2022 | £169,438 | £161,000 | 31A BENTINCK ROAD |
| 23 Nov 2021 | £237,933 | £220,000 | 10 LAKE STREET |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 27 Jan 2016. Using an estimated price of £108,054 means this house is valued at £915 per sq meter (£85 per sq foot).
The average size of a house on LAKE STREET is 124 sq meters (1,343 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lake Street |