£81,613
This estimated value is based upon the latest sale price for the house of £17,333 on 22 May 1998. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£17,333 | 22 May 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 79 sq meters or 850 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 May 1998 the House Price Index for CITY OF NOTTINGHAM was 31.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 370.858%.Applying this 370.858% change to the original purchase price of £17,333 results in an estimated price of approximately £81,613.
22 May 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.6 | 148.6 | 370.858 % | £17,333 | £64,280 | £81,613 |
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 | 320.419 % | £55,538 | £72,871 |
3 Month Average | 278.978 % | £48,355 | £65,688 |
6 Month Average | 304.163 % | £52,720 | £70,053 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Sep 2023 | £88,633 | £87,500 | APARTMENT 6 THE PAVILION, 3 RUSSELL ROAD |
18 May 2022 | £280,281 | £275,000 | 31 GREGORY BOULEVARD |
29 Apr 2022 | £139,023 | £135,000 | 54 MAPLES STREET |
1 Apr 2022 | £284,739 | £276,500 | 49 BENTINCK ROAD |
11 Mar 2022 | £375,645 | £362,500 | 2 CLAYPOLE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 11 Jun 2019. Using an estimated price of £81,614 means this house is valued at £1,033 per sq meter (£95 per sq foot).
The average size of a house on NOEL STREET is 82 sq meters (885 sq feet).