£120,599
This estimated value is based upon the latest sale price for the house of £115,000 on 21 Feb 2022. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £115,000 | 21 Feb 2022 |
| £68,500 | 9 Aug 2013 |
| £85,000 | 16 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2022 the House Price Index for CITY OF NOTTINGHAM was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £115,000 results in an estimated price of approximately £120,599.
| 21 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £115,000 | £5,599 | £120,599 |
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 | -29.973 % | £-34,468 | £80,531 |
| 3 Month Average | -17.014 % | £-19,566 | £95,433 |
| 6 Month Average | -5.624 % | £-6,467 | £108,532 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £197,930 | £195,000 | 72 HARTLEY ROAD |
| 31 Jul 2023 | £126,705 | £125,000 | 44 WIMBOURNE ROAD |
| 11 Jul 2023 | £76,023 | £75,000 | 48 WIMBOURNE ROAD |
| 17 Apr 2023 | £191,057 | £189,000 | 4 CREWE CLOSE |
| 16 Jan 2023 | £114,461 | £115,000 | 18 COPE STREET |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 28 Feb 2013. Using an estimated price of £120,600 means this house is valued at £1,325 per sq meter (£123 per sq foot).
The average size of a house on WIMBOURNE ROAD is 96 sq meters (1,040 sq feet).