£78,705
This estimated value is based upon the latest sale price for the house of £16,500 on 8 Apr 1998. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
There has been one burglary within the last year on or near Jasmine Road
More crime details
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| Price Paid | Date |
|---|---|
| £16,500 | 8 Apr 1998 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 April 1998 the House Price Index for CITY OF NOTTINGHAM was 31.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 377.002%.Applying this 377.002% change to the original purchase price of £16,500 results in an estimated price of approximately £78,705.
| 8 Apr 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.4 | 149.7 | 377.002 % | £16,500 | £62,205 | £78,705 |
The Postcode Pricing Model uses changes in average sales price within the NG6 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 | 305.253 % | £50,366 | £66,866 |
| 3 Month Average | 307.106 % | £50,672 | £67,172 |
| 6 Month Average | 344.600 % | £56,859 | £73,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jun 2024 | £84,000 | £84,000 | FLAT 3 THE WEDGE VERNON ROAD |
| 8 Dec 2023 | £107,297 | £104,000 | FLAT 20 THE WEDGE NOTTINGHAM ROAD |
| 23 Nov 2023 | £94,909 | £92,500 | FLAT 11 THE WEDGE VERNON ROAD |
| 22 Sep 2023 | £173,832 | £170,000 | 398 NOTTINGHAM ROAD |
| 23 Jun 2023 | £108,168 | £106,000 | FLAT 1 THE WEDGE VERNON ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 13 Mar 2018. Using an estimated price of £78,705 means this house is valued at £1,192 per sq meter (£110 per sq foot).
The average size of a house on VERNON ROAD is 75 sq meters (814 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Unable to prosecute suspect | On or near Jasmine Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jasmine Road |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fox Grove |
| Apr 2024 | Theft from the person | Awaiting court outcome | On or near Fox Grove |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Fox Grove |