£230,837
This estimated value is based upon the latest sale price for the house of £125,000 on 12 Aug 2005. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £125,000 | 12 Aug 2005 |
| £63,950 | 12 May 2000 |
| Semi-Detached |
| Freehold |
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 August 2005 the House Price Index for CITY OF NOTTINGHAM was 81.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 84.670%.Applying this 84.670% change to the original purchase price of £125,000 results in an estimated price of approximately £230,837.
| 12 Aug 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.1 | 149.7 | 84.670 % | £125,000 | £105,837 | £230,837 |
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 | 33.488 % | £41,860 | £166,860 |
| 3 Month Average | 67.366 % | £84,207 | £209,207 |
| 6 Month Average | 53.150 % | £66,437 | £191,437 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £220,600 | £215,000 | 74 HERON DRIVE |
| 12 Oct 2023 | £194,416 | £190,000 | 8 SANDPIPER WAY |
| 15 Sep 2023 | £204,508 | £200,000 | 11 HAZELMERE GROVE |
| 24 Aug 2023 | £193,490 | £190,000 | 18 SANDPIPER WAY |
| 21 Apr 2023 | £185,979 | £182,500 | 125 HERON DRIVE |