£184,846
This estimated value is based upon the latest sale price for the house of £150,000 on 22 Oct 2018. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£150,000 | 22 Oct 2018 |
£110,000 | 30 Jan 2012 |
£110,000 | 20 Feb 2006 |
Terraced |
Freehold |
Floor Area: 62 sq meters or 670 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 October 2018 the House Price Index for CITY OF NOTTINGHAM was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £150,000 results in an estimated price of approximately £184,846.
22 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.6 | 148.6 | 23.231 % | £150,000 | £34,846 | £184,846 |
The Postcode Pricing Model uses changes in average sales price within the NG2 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 | -4.507 % | £-6,760 | £143,239 |
3 Month Average | 22.317 % | £33,475 | £183,475 |
6 Month Average | 22.344 % | £33,516 | £183,516 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Mar 2023 | £111,046 | £110,000 | 6 SUGARCANE COURT MILLERS GREEN |
26 Aug 2022 | £210,932 | £211,500 | 33 BENDIGO LANE |
24 Jun 2022 | £191,709 | £189,000 | 24 WINDMILL VIEW |
27 May 2022 | £100,901 | £99,000 | 3 SUGARCANE COURT MILLERS GREEN |
4 Apr 2022 | £195,662 | £190,000 | 73 BENDIGO LANE |
This house has a floor area of 62 sq meters or 670 sq feet when measured on 2 Aug 2011. Using an estimated price of £184,846 means this house is valued at £2,966 per sq meter (£275 per sq foot).
The average size of a house on BENDIGO LANE is 71 sq meters (770 sq feet).