£72,875
This estimated value is based upon the latest sale price for the house of £23,333 on 8 Jan 2002. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£23,333 | 8 Jan 2002 |
£20,000 | 2 Jan 2001 |
£25,000 | 27 Apr 2000 |
Semi-Detached |
Freehold |
Floor Area: 68 sq meters or 731 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 January 2002 the House Price Index for CITY OF NOTTINGHAM was 47.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 212.329%.Applying this 212.329% change to the original purchase price of £23,333 results in an estimated price of approximately £72,875.
8 Jan 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
47.6 | 148.6 | 212.329 % | £23,333 | £49,542 | £72,875 |
The Postcode Pricing Model uses changes in average sales price within the NG5 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 | 183.487 % | £42,813 | £66,146 |
3 Month Average | 199.660 % | £46,586 | £69,919 |
6 Month Average | 194.117 % | £45,293 | £68,626 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £173,027 | £170,000 | 31 MURRAY CLOSE |
14 Jul 2023 | £177,387 | £175,000 | 35 RAYMEDE DRIVE |
11 Jul 2023 | £141,910 | £140,000 | 30 LEYBOURNE DRIVE |
29 Jul 2022 | £150,405 | £150,000 | 17 MURRAY CLOSE |
6 Jun 2022 | £142,007 | £140,000 | 43 PADSTOW ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 27 Jun 2018. Using an estimated price of £72,876 means this house is valued at £1,071 per sq meter (£99 per sq foot).
The average size of a house on RAYMEDE DRIVE is 74 sq meters (796 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Public order | Unable to prosecute suspect | On or near Murray Close |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Murray Close |
Jan 2024 | Other theft | Unable to prosecute suspect | On or near Murray Close |