£676,521
This estimated value is based upon the latest sale price for the house of £470,000 on 10 Jul 2015. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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| Price Paid | Date |
|---|---|
| £470,000 | 10 Jul 2015 |
| Detached |
| Freehold |
| Floor Area: 222 sq meters or 2,389 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 July 2015 the House Price Index for NOTTINGHAMSHIRE was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £470,000 results in an estimated price of approximately £676,521.
| 10 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £470,000 | £206,521 | £676,521 |
The Postcode Pricing Model uses changes in average sales price within the NG18 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 | 59.110 % | £277,818 | £747,818 |
| 3 Month Average | 55.627 % | £261,445 | £731,445 |
| 6 Month Average | 49.537 % | £232,823 | £702,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £390,786 | £385,000 | 16 DORCHESTER CLOSE |
| 1 Nov 2023 | £266,445 | £262,500 | 1 ROBIN DOWN CLOSE |
| 30 Jun 2023 | £455,518 | £450,000 | 3 DORCHESTER DRIVE |
| 24 Feb 2023 | £299,798 | £300,000 | 14 SOUTHRIDGE DRIVE |
| 5 Aug 2022 | £398,926 | £400,000 | 16 DENBY DRIVE |
This house has a floor area of 222 sq meters or 2,389 sq feet when measured on 19 Nov 2014. Using an estimated price of £676,521 means this house is valued at £3,047 per sq meter (£283 per sq foot).
The average size of a house on LICHFIELD LANE is 170 sq meters (1,838 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Robin Down Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Woodside Avenue |