£256,343
This estimated value is based upon the latest sale price for the house of £52,950 on 27 Feb 1998. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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Price Paid | Date |
---|---|
£52,950 | 27 Feb 1998 |
Terraced |
Freehold |
Floor Area: 114 sq meters or 1,227 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 February 1998 the House Price Index for NOTTINGHAMSHIRE was 30.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 384.123%.Applying this 384.123% change to the original purchase price of £52,950 results in an estimated price of approximately £256,343.
27 Feb 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
30.9 | 149.7 | 384.123 % | £52,950 | £203,393 | £256,343 |
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 | 338.035 % | £178,989 | £231,939 |
3 Month Average | 393.721 % | £208,475 | £261,425 |
6 Month Average | 361.034 % | £191,167 | £244,117 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Aug 2023 | £319,767 | £314,000 | 58 COTTESMORE ROAD |
19 Apr 2023 | £438,196 | £430,000 | 53 TEVERSAL AVENUE |
7 Nov 2022 | £1,086,918 | £1,092,000 | 30 BUTE AVENUE |
7 Nov 2022 | £1,785,650 | £1,794,000 | 48 COTTESMORE ROAD |
15 Sep 2022 | £249,833 | £250,000 | 10 BUTE AVENUE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 10 Nov 2016. Using an estimated price of £256,343 means this house is valued at £2,248 per sq meter (£208 per sq foot).
The average size of a house on BUTE AVENUE is 122 sq meters (1,315 sq feet).