£1,124,573
This estimated value is based upon the latest sale price for the house of £970,000 on 4 Nov 2020. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
There has been one burglary within the last year on or near Park Terrace
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Price Paid | Date |
---|---|
£970,000 | 4 Nov 2020 |
£695,250 | 9 Oct 2014 |
Semi-Detached |
Freehold |
Floor Area: 205 sq meters or 2,211 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 November 2020 the House Price Index for CITY OF NOTTINGHAM was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £970,000 results in an estimated price of approximately £1,124,573.
4 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 148.6 | 15.935 % | £970,000 | £154,573 | £1,124,573 |
The Postcode Pricing Model uses changes in average sales price within the NG1 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 | -13.842 % | £-134,269 | £835,730 |
3 Month Average | -25.397 % | £-246,352 | £723,647 |
6 Month Average | -20.383 % | £-197,719 | £772,280 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Jun 2023 | £738,951 | £730,000 | 1 CLARE VALLEY |
31 Mar 2023 | £171,617 | £170,000 | APARTMENT 4 30 THE ROPEWALK |
2 Sep 2022 | £262,877 | £265,000 | APARTMENT 8 30 THE ROPEWALK |
29 Jul 2022 | £250,675 | £250,000 | APARTMENT 28 111 THE ROPEWALK |
5 Apr 2022 | £200,811 | £195,000 | APARTMENT 6 30 THE ROPEWALK |
This house has a floor area of 205 sq meters or 2,211 sq feet when measured on 26 May 2011. Using an estimated price of £1,124,573 means this house is valued at £5,472 per sq meter (£508 per sq foot).
The average size of a house on PARK TERRACE is 145 sq meters (1,567 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Under investigation | On or near Park Terrace |
Jan 2024 | Burglary | Under investigation | On or near Park Terrace |
Feb 2024 | Drugs | Under investigation | On or near Oxford Street |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oxford Street |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Valley |