£105,735
This estimated value is based upon the latest sale price for the house of £85,000 on 29 Jun 2018. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £85,000 | 29 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 516 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 2018 the House Price Index for CITY OF NOTTINGHAM was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £85,000 results in an estimated price of approximately £105,735.
| 29 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £85,000 | £20,735 | £105,735 |
The Postcode Pricing Model uses changes in average sales price within the NG3 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 | 79.486 % | £67,563 | £152,563 |
| 3 Month Average | 35.687 % | £30,334 | £115,334 |
| 6 Month Average | 36.942 % | £31,400 | £116,400 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £148,600 | £146,000 | 55 LANDMERE GARDENS |
| 29 Sep 2023 | £212,720 | £210,000 | 278 THE WELLS ROAD |
| 30 Aug 2023 | £147,289 | £146,000 | 5 LANDMERE GARDENS |
| 10 Aug 2023 | £137,200 | £136,000 | 48 LANDMERE GARDENS |
| 1 Jun 2023 | £147,790 | £146,000 | 326 THE WELLS ROAD |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 13 Mar 2018. Using an estimated price of £105,735 means this house is valued at £2,202 per sq meter (£204 per sq foot).
The average size of a house on LANDMERE GARDENS is 51 sq meters (556 sq feet).