£78,996
This estimated value is based upon the latest sale price for the house of £54,000 on 2 Jun 2015. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£54,000 | 2 Jun 2015 |
Flats/Maisonettes |
Leasehold |
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 June 2015 the House Price Index for CITY OF NOTTINGHAM was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £54,000 results in an estimated price of approximately £78,996.
2 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 149.7 | 46.290 % | £54,000 | £24,996 | £78,996 |
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 | 49.632 % | £26,801 | £80,801 |
3 Month Average | 109.377 % | £59,063 | £113,063 |
6 Month Average | 76.513 % | £41,317 | £95,317 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £398,965 | £395,500 | 1 GEDLING GROVE |
1 Dec 2023 | £139,280 | £135,000 | FLAT 2 50 FOREST ROAD WEST |
15 Jun 2023 | £538,798 | £528,000 | 91 FOREST ROAD WEST |
7 Jun 2023 | £176,028 | £172,500 | FLAT 8 89A FOREST ROAD WEST |
21 Apr 2023 | £219,098 | £215,000 | 44A FOREST ROAD WEST |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 5 Nov 2014. Using an estimated price of £78,997 means this house is valued at £1,196 per sq meter (£111 per sq foot).
The average size of a house on WATERLOO ROAD is 271 sq meters (2,923 sq feet).
This house is the smallest in the street with a floor area of 66 sq meters (710 sq feet).