£121,051
This estimated value is based upon the latest sale price for the house of £120,000 on 9 Dec 2022. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£120,000 | 9 Dec 2022 |
£53,000 | 14 Mar 2012 |
Terraced |
Freehold |
Floor Area: 76 sq meters or 818 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 December 2022 the House Price Index for CITY OF NOTTINGHAM was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £120,000 results in an estimated price of approximately £121,051.
9 Dec 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
148.4 | 149.7 | 0.876 % | £120,000 | £1,051 | £121,051 |
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 | -7.532 % | £-9,038 | £110,961 |
3 Month Average | -2.487 % | £-2,984 | £117,015 |
6 Month Average | -5.930 % | £-7,115 | £112,884 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Aug 2023 | £122,204 | £120,000 | 47 PALIN STREET |
16 Jan 2023 | £115,308 | £115,000 | 18 COPE STREET |
5 Oct 2022 | £134,551 | £135,000 | 59 WIMBOURNE ROAD |
18 Jul 2022 | £146,468 | £145,000 | 375 ALFRETON ROAD |
7 Jul 2022 | £101,012 | £100,000 | 57 WIMBOURNE ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 30 Nov 2018.
The average size of a house on COPE STREET is 91 sq meters (979 sq feet).