£620,427
This estimated value is based upon the latest sale price for the house of £525,000 on 2 Oct 2020. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £525,000 | 2 Oct 2020 |
| £385,000 | 20 Nov 2015 |
| Terraced |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 2020 the House Price Index for CITY OF NOTTINGHAM was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £525,000 results in an estimated price of approximately £620,427.
| 2 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £525,000 | £95,427 | £620,427 |
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 | 30.693 % | £161,138 | £686,138 |
| 3 Month Average | 40.076 % | £210,401 | £735,401 |
| 6 Month Average | 16.351 % | £85,841 | £610,841 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £3,581,339 | £3,500,000 | RECEPTION, 206 DERBY ROAD |
| 12 Oct 2023 | £51,162 | £50,000 | GRANT STREET WORKS GRANT STREET |
| 14 Apr 2023 | £109,549 | £107,500 | FLAT 3 11 WELLINGTON SQUARE |
| 31 Mar 2023 | £1,016,984 | £1,000,000 | FLAT 4 12 DOUGLAS ROAD |
| 18 Jan 2023 | £180,482 | £180,000 | 17 GRANT STREET |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 16 Aug 2018. Using an estimated price of £620,428 means this house is valued at £3,586 per sq meter (£333 per sq foot).
The average size of a house on ARUNDEL STREET is 109 sq meters (1,182 sq feet).