£162,938
This estimated value is based upon the latest sale price for the house of £160,000 on 11 Aug 2023. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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| Price Paid | Date |
|---|---|
| £160,000 | 11 Aug 2023 |
| £80,000 | 20 Dec 2001 |
| £46,000 | 30 Jan 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 August 2023 the House Price Index for NOTTINGHAMSHIRE was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £160,000 results in an estimated price of approximately £162,938.
| 11 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £160,000 | £2,938 | £162,938 |
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 | -2.335 % | £-3,735 | £156,264 |
| 3 Month Average | 18.758 % | £30,013 | £190,013 |
| 6 Month Average | 1.497 % | £2,394 | £162,394 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £844,173 | £825,000 | 3 HOPE DRIVE |
| 15 Sep 2023 | £357,884 | £349,995 | FLAT 6 HAMILTON COURT HAMILTON DRIVE |
| 11 Aug 2023 | £162,939 | £160,000 | FLAT 3 18 HOPE DRIVE |
| 23 Mar 2023 | £167,802 | £165,000 | 16 THE GALLERY HOPE DRIVE |
| 7 Mar 2023 | £205,431 | £202,000 | 12 THE GALLERY HOPE DRIVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 27 Jun 2017. Using an estimated price of £162,939 means this house is valued at £2,761 per sq meter (£256 per sq foot).
The average size of a house on HOPE DRIVE is 99 sq meters (1,066 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Hope Drive | |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hope Drive |
| May 2024 | Anti-social behaviour | On or near Hope Drive | |
| May 2024 | Anti-social behaviour | On or near Hope Drive | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hope Drive |