£168,764
This estimated value is based upon the latest sale price for the house of £32,000 on 27 Mar 1997. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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Price Paid | Date |
---|---|
£32,000 | 27 Mar 1997 |
Terraced |
Freehold |
Floor Area: 107 sq meters or 1,151 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF DERBY to estimate the market value.
When this house was purchased in March 1997 the House Price Index for CITY OF DERBY was 28.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 427.388%.Applying this 427.388% change to the original purchase price of £32,000 results in an estimated price of approximately £168,764.
27 Mar 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
28.4 | 149.7 | 427.388 % | £32,000 | £136,764 | £168,764 |
The Postcode Pricing Model uses changes in average sales price within the DE1 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 | 238.806 % | £76,418 | £108,418 |
3 Month Average | 259.230 % | £82,953 | £114,953 |
6 Month Average | 263.959 % | £84,467 | £116,467 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £108,329 | £105,000 | 23 MELBOURNE STREET |
11 Aug 2023 | £356,429 | £350,000 | 38 HARTINGTON STREET |
14 Apr 2023 | £117,192 | £115,000 | 55 MELBOURNE STREET |
10 Jun 2022 | £150,211 | £147,000 | 77 MELBOURNE STREET |
28 Feb 2022 | £369,760 | £350,000 | LEOPOLD VILLA, 45 LEOPOLD STREET |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 4 Dec 2017. Using an estimated price of £168,764 means this house is valued at £1,577 per sq meter (£146 per sq foot).
The average size of a house on MELBOURNE STREET is 104 sq meters (1,127 sq feet).