£216,153
This estimated value is based upon the latest sale price for the house of £152,500 on 22 Oct 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 |
---|---|
£152,500 | 22 Oct 2015 |
£249,995 | 7 Oct 2005 |
Terraced |
Freehold |
Floor Area: 119 sq meters or 1,280 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 October 2015 the House Price Index for CITY OF NOTTINGHAM was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £152,500 results in an estimated price of approximately £216,153.
22 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 149.7 | 41.740 % | £152,500 | £63,653 | £216,153 |
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 | 21.881 % | £33,368 | £185,868 |
3 Month Average | 51.889 % | £79,131 | £231,631 |
6 Month Average | 47.411 % | £72,301 | £224,801 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £299,194 | £290,000 | UNIT D GADD STREET |
15 Jun 2022 | £367,863 | £360,000 | 8 LAKE STREET |
23 Nov 2021 | £239,694 | £220,000 | 10 LAKE STREET |
18 Jan 2021 | £160,968 | £140,000 | 3A PEVERIL STREET |
16 Oct 2020 | £177,265 | £150,000 | 35 SOUTHEY STREET |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 26 Mar 2019. Using an estimated price of £216,154 means this house is valued at £1,816 per sq meter (£168 per sq foot).
The average size of a house on GADD STREET is 130 sq meters (1,407 sq feet).