£156,260
This estimated value is based upon the latest sale price for the house of £109,000 on 22 Jun 2015. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £109,000 | 22 Jun 2015 |
| £99,950 | 22 Dec 2011 |
| Detached |
| Freehold |
| Floor Area: 52 sq meters or 565 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 June 2015 the House Price Index for CITY OF NOTTINGHAM was 102.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 43.358%.Applying this 43.358% change to the original purchase price of £109,000 results in an estimated price of approximately £156,260.
| 22 Jun 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 146.7 | 43.358 % | £109,000 | £47,260 | £156,260 |
The Postcode Pricing Model uses changes in average sales price within the NG6 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 | 57.431 % | £62,599 | £171,599 |
| 3 Month Average | 77.524 % | £84,500 | £193,500 |
| 6 Month Average | 70.278 % | £76,602 | £185,602 |
This house has a floor area of 52 sq meters or 565 sq feet when measured on 11 Oct 2011.
The average size of a house on VERNON PARK DRIVE is 64 sq meters (691 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Vernon Park Drive |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Vernon Park Drive |
| Feb 2024 | Drugs | Under investigation | On or near Vernon Park Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vernon Park Drive |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Vernon Park Drive |