£295,263
This estimated value is based upon the latest sale price for the house of £241,500 on 1 Apr 2020. This value is then adjusted by the current Official House Price Index for DERBYSHIRE 1
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| Price Paid | Date |
|---|---|
| £241,500 | 1 Apr 2020 |
| £159,750 | 11 Sep 2017 |
| Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 sq feet |
This model uses changes in the Official Land Registry House Price Index for DERBYSHIRE to estimate the market value.
When this house was purchased in April 2020 the House Price Index for DERBYSHIRE was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.262%.Applying this 22.262% change to the original purchase price of £241,500 results in an estimated price of approximately £295,263.
| 1 Apr 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.262 % | £241,500 | £53,763 | £295,263 |
The Postcode Pricing Model uses changes in average sales price within the S40 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 | 2.455 % | £5,928 | £247,428 |
| 3 Month Average | 8.269 % | £19,970 | £261,470 |
| 6 Month Average | 11.996 % | £28,971 | £270,471 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £265,898 | £265,000 | 118 LANGER LANE |
| 29 Aug 2023 | £251,027 | £249,500 | 163 LANGER LANE |
| 28 Apr 2023 | £141,048 | £140,000 | 13 WINGERWORTH WAY |
| 3 Mar 2023 | £140,761 | £140,000 | 1 FARM CLOSE |
| 10 Nov 2022 | £135,798 | £138,000 | 94 LANGER LANE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 25 Apr 2017. Using an estimated price of £295,263 means this house is valued at £5,004 per sq meter (£464 per sq foot).
The average size of a house on LANGER LANE is 113 sq meters (1,218 sq feet).