£179,487
This estimated value is based upon the latest sale price for the house of £175,000 on 14 Apr 2022. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
There has been one burglary within the last year on or near Vellus Court
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| Price Paid | Date |
|---|---|
| £175,000 | 14 Apr 2022 |
| £124,950 | 24 Apr 2009 |
| Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 sq feet |
This model uses changes in the Official Land Registry House Price Index for NOTTINGHAMSHIRE to estimate the market value.
When this house was purchased in April 2022 the House Price Index for NOTTINGHAMSHIRE was 144.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 2.564%.Applying this 2.564% change to the original purchase price of £175,000 results in an estimated price of approximately £179,487.
| 14 Apr 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.0 | 2.564 % | £175,000 | £4,487 | £179,487 |
The Postcode Pricing Model uses changes in average sales price within the NG17 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 | 14.318 % | £25,056 | £200,056 |
| 3 Month Average | 0.481 % | £841 | £175,841 |
| 6 Month Average | 3.709 % | £6,490 | £181,490 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £275,932 | £275,000 | 4 THE ORCHARD |
| 15 Dec 2023 | £203,857 | £200,000 | 23 LEANDER CLOSE |
| 8 Dec 2023 | £254,821 | £250,000 | 55 MOWLANDS CLOSE |
| 17 Nov 2023 | £192,471 | £190,000 | 2 MOWLANDS CLOSE |
| 15 Aug 2023 | £196,193 | £195,000 | 1 THE ORCHARD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 12 Nov 2021. Using an estimated price of £179,487 means this house is valued at £2,458 per sq meter (£228 per sq foot).
The average size of a house on LEANDER CLOSE is 98 sq meters (1,065 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Vellus Court |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Vellus Court |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vellus Court |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Shepherds Way |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Shepherds Way |