£45,035
This estimated value is based upon the latest sale price for the house of £12,000 on 15 Jun 2000. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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| Price Paid | Date |
|---|---|
| £12,000 | 15 Jun 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 June 2000 the House Price Index for NOTTINGHAMSHIRE was 39.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 275.298%.Applying this 275.298% change to the original purchase price of £12,000 results in an estimated price of approximately £45,035.
| 15 Jun 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.6 | 148.6 | 275.298 % | £12,000 | £33,035 | £45,035 |
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 | 369.500 % | £44,339 | £56,339 |
| 3 Month Average | 300.680 % | £36,081 | £48,081 |
| 6 Month Average | 286.242 % | £34,349 | £46,349 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £471,988 | £465,000 | 50 SOUTHPARK AVENUE |
| 11 Aug 2023 | £100,883 | £100,000 | 21 THORNEY COURT |
| 23 Mar 2023 | £111,046 | £110,000 | 16 WHATTON COURT |
| 20 Mar 2023 | £111,046 | £110,000 | 20 CLAYWORTH COURT |
| 23 Feb 2023 | £284,808 | £285,000 | 156 CHATSWORTH DRIVE |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 13 Sep 2021. Using an estimated price of £45,036 means this house is valued at £900 per sq meter (£83 per sq foot).
The average size of a house on NEWARK WAY is 72 sq meters (775 sq feet).
This house is the largest in the street with a floor area of 50 sq meters (538 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Newark Way | |
| Mar 2024 | Anti-social behaviour | On or near Newark Way | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newark Way |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Newark Way |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Newark Way |