£345,926
This estimated value is based upon the latest sale price for the house of £80,000 on 12 Aug 1999. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£80,000 | 12 Aug 1999 |
Detached |
Freehold |
Floor Area: 114 sq meters or 1,227 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 August 1999 the House Price Index for CITY OF NOTTINGHAM was 34.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 332.409%.Applying this 332.409% change to the original purchase price of £80,000 results in an estimated price of approximately £345,926.
12 Aug 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
34.6 | 149.7 | 332.409 % | £80,000 | £265,926 | £345,926 |
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 | 303.367 % | £242,693 | £322,693 |
3 Month Average | 374.826 % | £299,860 | £379,860 |
6 Month Average | 315.532 % | £252,425 | £332,425 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £320,017 | £315,100 | 13 WILLOUGHBY AVENUE |
26 Oct 2023 | £276,275 | £270,000 | 6 FREDERICK GROVE |
26 Oct 2023 | £319,762 | £312,500 | 2 FREDERICK GROVE |
26 Oct 2023 | £306,972 | £300,000 | 8 FREDERICK GROVE |
28 Apr 2023 | £326,099 | £320,000 | 28 GLOUCESTER AVENUE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 17 Jan 2019. Using an estimated price of £345,927 means this house is valued at £3,034 per sq meter (£281 per sq foot).
The average size of a house on WILLOUGHBY AVENUE is 144 sq meters (1,550 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Willoughby Avenue |