£107,388
This estimated value is based upon the latest sale price for the house of £72,000 on 5 Dec 2014. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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Price Paid | Date |
---|---|
£72,000 | 5 Dec 2014 |
Terraced |
Freehold |
Floor Area: 67 sq meters or 721 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF DERBY to estimate the market value.
When this house was purchased in December 2014 the House Price Index for CITY OF DERBY was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £72,000 results in an estimated price of approximately £107,388.
5 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 148.6 | 49.151 % | £72,000 | £35,388 | £107,388 |
The Postcode Pricing Model uses changes in average sales price within the DE1 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 | -7.467 % | £-5,376 | £66,623 |
3 Month Average | -5.217 % | £-3,755 | £68,244 |
6 Month Average | 35.905 % | £25,851 | £97,851 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £106,870 | £105,000 | 23 MELBOURNE STREET |
11 Aug 2023 | £353,089 | £350,000 | 38 HARTINGTON STREET |
14 Apr 2023 | £116,252 | £115,000 | 55 MELBOURNE STREET |
10 Jun 2022 | £149,107 | £147,000 | 77 MELBOURNE STREET |
28 Feb 2022 | £367,043 | £350,000 | LEOPOLD VILLA, 45 LEOPOLD STREET |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 15 Apr 2014. Using an estimated price of £107,389 means this house is valued at £1,602 per sq meter (£148 per sq foot).
The average size of a house on MELBOURNE STREET is 104 sq meters (1,127 sq feet).