£751,330
This estimated value is based upon the latest sale price for the house of £585,000 on 7 Jul 2017. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £585,000 | 7 Jul 2017 |
| £125,000 | 22 Feb 2013 |
| £87,500 | 25 Feb 2009 |
| £35,000 | 31 Jan 1995 |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 July 2017 the House Price Index for CITY OF NOTTINGHAM was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £585,000 results in an estimated price of approximately £751,330.
| 7 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £585,000 | £166,330 | £751,330 |
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 | 15.897 % | £92,999 | £677,999 |
| 3 Month Average | 60.618 % | £354,614 | £939,614 |
| 6 Month Average | 52.413 % | £306,616 | £891,616 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £134,060 | £132,000 | 17 EDNASTON ROAD |
| 6 Nov 2023 | £256,511 | £250,000 | 79 CITY ROAD |
| 16 Mar 2023 | £330,520 | £325,000 | 52 LACE STREET |
| 15 Sep 2020 | £348,086 | £291,000 | 56 EDNASTON ROAD |
| 11 Feb 2019 | £191,017 | £153,500 | 7 HIGHFIELD ROAD |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 3 Oct 2018. Using an estimated price of £751,331 means this house is valued at £6,209 per sq meter (£576 per sq foot).
The average size of a house on LACE STREET is 91 sq meters (987 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Ednaston Road |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Lace Street |