£434,876
This estimated value is based upon the latest sale price for the house of £425,000 on 23 Feb 2024. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£425,000 | 23 Feb 2024 |
£166,000 | 18 Apr 2013 |
£20,000 | 15 Dec 1995 |
Terraced |
Freehold |
Floor Area: 115 sq meters or 1,237 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 February 2024 the House Price Index for CITY OF NOTTINGHAM was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £425,000 results in an estimated price of approximately £434,876.
23 Feb 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.3 | 149.7 | 2.324 % | £425,000 | £9,876 | £434,876 |
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 | 9.642 % | £40,979 | £465,979 |
3 Month Average | 36.664 % | £155,822 | £580,822 |
6 Month Average | 0.376 % | £1,598 | £426,598 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Jun 2023 | £139,802 | £137,000 | FLAT 23 PORTLAND SQUARE RALEIGH STREET |
31 Mar 2023 | £856,414 | £842,112 | 6 GAMBLE STREET |
22 Mar 2023 | £122,038 | £120,000 | FLAT 3 SEYMOUR COURT RALEIGH STREET |
24 Feb 2023 | £161,076 | £160,000 | FLAT 29 RALEIGH SQUARE RALEIGH STREET |
10 Jun 2022 | £671,351 | £657,000 | 10 GAMBLE STREET |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 9 Mar 2013.
The average size of a house on RALEIGH STREET is 64 sq meters (699 sq feet).