£337,410
This estimated value is based upon the latest sale price for the house of £242,000 on 22 Dec 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 |
---|---|
£242,000 | 22 Dec 2015 |
Semi-Detached |
Freehold |
Floor Area: 144 sq meters or 1,550 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 December 2015 the House Price Index for CITY OF NOTTINGHAM was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £242,000 results in an estimated price of approximately £337,410.
22 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 149.7 | 39.426 % | £242,000 | £95,410 | £337,410 |
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 | 43.839 % | £106,091 | £348,091 |
3 Month Average | 69.196 % | £167,453 | £409,453 |
6 Month Average | 44.404 % | £107,457 | £349,457 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Nov 2023 | £533,544 | £520,000 | 244 DERBY ROAD |
25 Aug 2023 | £350,318 | £344,000 | 40 TEVERSAL AVENUE |
24 Jan 2023 | £596,594 | £595,000 | 24 HARLAXTON DRIVE |
7 Nov 2022 | £233,906 | £235,000 | 34 ROTHESAY AVENUE |
12 Jan 2022 | £386,972 | £365,000 | 20 TEVERSAL AVENUE |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 17 Jul 2015. Using an estimated price of £337,411 means this house is valued at £2,343 per sq meter (£217 per sq foot).
The average size of a house on DERBY ROAD is 95 sq meters (1,032 sq feet).