£416,263
This estimated value is based upon the latest sale price for the house of £322,500 on 2 Jun 2017. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £322,500 | 2 Jun 2017 |
| £175,000 | 14 Nov 2012 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 2017 the House Price Index for CITY OF NOTTINGHAM was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £322,500 results in an estimated price of approximately £416,263.
| 2 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £322,500 | £93,763 | £416,263 |
The Postcode Pricing Model uses changes in average sales price within the NG8 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 | 49.100 % | £158,346 | £480,846 |
| 3 Month Average | 35.666 % | £115,021 | £437,521 |
| 6 Month Average | 56.203 % | £181,253 | £503,753 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2023 | £203,397 | £200,000 | 160A RUSSELL DRIVE |
| 28 Feb 2023 | £528,531 | £525,000 | 7 RECTORY AVENUE |
| 26 Jan 2023 | £937,505 | £935,000 | 4 RECTORY GARDENS |
| 28 Jul 2022 | £1,010,121 | £1,000,000 | 770 WOLLATON ROAD |
| 28 Jul 2022 | £1,489,929 | £1,475,000 | 772 WOLLATON ROAD |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 9 Sep 2016. Using an estimated price of £416,264 means this house is valued at £4,002 per sq meter (£371 per sq foot).
The average size of a house on RUSSELL DRIVE is 129 sq meters (1,391 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Under investigation | On or near Rectory Avenue |
| Sep 2024 | Drugs | Local resolution | On or near Pembury Road |
| Sep 2024 | Drugs | Under investigation | On or near Pembury Road |
| Aug 2024 | Anti-social behaviour | On or near Pembury Road | |
| Aug 2024 | Anti-social behaviour | On or near Pembury Road |