£1,544,234
This estimated value is based upon the latest sale price for the house of £1,250,000 on 1 Mar 2019. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £1,250,000 | 1 Mar 2019 |
| Freehold |
| Floor Area: 51 sq meters or 548 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 March 2019 the House Price Index for CITY OF NOTTINGHAM was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £1,250,000 results in an estimated price of approximately £1,544,234.
| 1 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £1,250,000 | £294,234 | £1,544,234 |
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 | 4.241 % | £53,008 | £1,303,008 |
| 3 Month Average | 12.972 % | £162,143 | £1,412,143 |
| 6 Month Average | 2.642 % | £33,026 | £1,283,026 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £206,051 | £203,000 | 16 WIVERTON ROAD |
| 6 Apr 2023 | £202,177 | £200,000 | 8 WIVERTON ROAD |
| 31 Jan 2023 | £194,086 | £195,000 | 28 MYRTLE AVENUE |
| 16 Jan 2023 | £144,320 | £145,000 | 34 MYRTLE AVENUE |
| 15 Sep 2022 | £133,919 | £135,000 | FLAT 4 23 SECOND AVENUE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 10 Apr 2018. Using an estimated price of £1,544,235 means this house is valued at £30,279 per sq meter (£2,813 per sq foot).
The average size of a house on SECOND AVENUE is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near 2Nd Avenue |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near 2Nd Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near 2Nd Avenue |
| Feb 2024 | Anti-social behaviour | On or near 2Nd Avenue | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near 2Nd Avenue |