£160,514
This estimated value is based upon the latest sale price for the house of £141,000 on 27 May 2021. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£141,000 | 27 May 2021 |
£110,000 | 16 Oct 2018 |
Terraced |
Freehold |
Floor Area: 69 sq meters or 742 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 May 2021 the House Price Index for CITY OF NOTTINGHAM was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £141,000 results in an estimated price of approximately £160,514.
27 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
131.5 | 149.7 | 13.840 % | £141,000 | £19,514 | £160,514 |
The Postcode Pricing Model uses changes in average sales price within the NG6 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 | 27.337 % | £38,545 | £179,545 |
3 Month Average | 39.199 % | £55,271 | £196,271 |
6 Month Average | 36.188 % | £51,024 | £192,024 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Oct 2023 | £112,045 | £109,500 | 23 VERNON PARK DRIVE |
26 Sep 2023 | £164,629 | £161,000 | 26 VERNON AVENUE |
18 Apr 2023 | £122,287 | £120,000 | 54 VERNON AVENUE |
20 May 2022 | £123,210 | £120,000 | 17 VERNON AVENUE |
17 Mar 2022 | £99,174 | £95,000 | 48 VERNON AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 20 Apr 2016. Using an estimated price of £160,515 means this house is valued at £2,326 per sq meter (£216 per sq foot).
The average size of a house on VERNON PARK DRIVE is 64 sq meters (691 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Vernon Park Drive |
Jul 2024 | Anti-social behaviour | On or near Vernon Avenue | |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vernon Avenue |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Park/Open Space |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Park/Open Space |