£55,271
This estimated value is based upon the latest sale price for the house of £16,000 on 21 Mar 2001. This value is then adjusted by the current Official House Price Index for NOTTINGHAMSHIRE 1
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| Price Paid | Date |
|---|---|
| £16,000 | 21 Mar 2001 |
| £9,000 | 2 Sep 1996 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 825 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 March 2001 the House Price Index for NOTTINGHAMSHIRE was 42.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 245.446%.Applying this 245.446% change to the original purchase price of £16,000 results in an estimated price of approximately £55,271.
| 21 Mar 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 146.7 | 245.446 % | £16,000 | £39,271 | £55,271 |
The Postcode Pricing Model uses changes in average sales price within the NG18 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 | 13.669 % | £2,187 | £18,187 |
| 3 Month Average | 259.141 % | £41,462 | £57,462 |
| 6 Month Average | 298.760 % | £47,801 | £63,801 |
This house has a floor area of 76 sq meters or 825 sq feet when measured on 19 Aug 2009.
The average size of a house on NEWGATE LANE is 81 sq meters (880 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Newgate Lane |
| Feb 2024 | Anti-social behaviour | On or near Newgate Lane | |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Newgate Lane |
| Feb 2024 | Anti-social behaviour | On or near Newgate Lane | |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Newgate Lane |