£195,345
This estimated value is based upon the latest sale price for the house of £112,500 on 2 Dec 2011. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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Price Paid | Date |
---|---|
£112,500 | 2 Dec 2011 |
£38,000 | 8 Dec 1995 |
Semi-Detached |
Freehold |
Floor Area: 93 sq meters or 1,001 sq feet |
This model uses changes in the Official Land Registry House Price Index for NOTTINGHAMSHIRE to estimate the market value.
When this house was purchased in December 2011 the House Price Index for NOTTINGHAMSHIRE was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.641%.Applying this 73.641% change to the original purchase price of £112,500 results in an estimated price of approximately £195,345.
2 Dec 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 149.7 | 73.641 % | £112,500 | £82,845 | £195,345 |
The Postcode Pricing Model uses changes in average sales price within the NG18 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 | 38.494 % | £43,305 | £155,805 |
3 Month Average | 63.246 % | £71,151 | £183,651 |
6 Month Average | 74.648 % | £83,978 | £196,478 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Nov 2023 | £200,079 | £195,000 | 120 SOUTHWELL ROAD WEST |
31 Aug 2023 | £280,051 | £275,000 | 36 HARVEY ROAD |
7 Mar 2023 | £307,129 | £302,000 | 5 KING GEORGE V AVENUE |
20 Jan 2023 | £237,635 | £237,000 | 42 HARVEY ROAD |
9 May 2022 | £323,426 | £315,000 | 10 FARADAY ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 10 Oct 2016. Using an estimated price of £195,346 means this house is valued at £2,100 per sq meter (£195 per sq foot).
The average size of a house on SOUTHWELL ROAD WEST is 111 sq meters (1,201 sq feet).