£54,899
This estimated value is based upon the latest sale price for the house of £45,000 on 8 Jun 2020. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
There has been one burglary within the last year on or near Newark Way
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| Price Paid | Date |
|---|---|
| £45,000 | 8 Jun 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 sq feet |
This model uses changes in the Official Land Registry House Price Index for NOTTINGHAMSHIRE to estimate the market value.
When this house was purchased in June 2020 the House Price Index for NOTTINGHAMSHIRE was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £45,000 results in an estimated price of approximately £54,899.
| 8 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £45,000 | £9,899 | £54,899 |
The Postcode Pricing Model uses changes in average sales price within the NG18 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 | -16.224 % | £-7,300 | £37,699 |
| 3 Month Average | 40.838 % | £18,377 | £63,377 |
| 6 Month Average | 34.546 % | £15,545 | £60,545 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jun 2024 | £115,000 | £115,000 | 1 WHATTON COURT |
| 18 Apr 2024 | £334,908 | £332,000 | 5 WINCHESTER CLOSE |
| 16 Nov 2023 | £477,111 | £465,000 | 50 SOUTHPARK AVENUE |
| 11 Aug 2023 | £101,837 | £100,000 | 21 THORNEY COURT |
| 23 Mar 2023 | £111,868 | £110,000 | 16 WHATTON COURT |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 27 Jan 2020. Using an estimated price of £54,899 means this house is valued at £1,168 per sq meter (£108 per sq foot).
The average size of a house on NEWARK WAY is 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newark Way |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newark Way |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Newark Way |
| May 2024 | Public order | Unable to prosecute suspect | On or near Newark Way |
| Jul 2024 | Public order | Under investigation | On or near Newark Drive |