£207,647
This estimated value is based upon the latest sale price for the house of £109,500 on 30 Nov 2004. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £109,500 | 30 Nov 2004 |
| £83,500 | 31 Jul 2002 |
| Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 November 2004 the House Price Index for CITY OF NOTTINGHAM was 78.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.633%.Applying this 89.633% change to the original purchase price of £109,500 results in an estimated price of approximately £207,647.
| 30 Nov 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 149.7 | 89.633 % | £109,500 | £98,147 | £207,647 |
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 | 104.148 % | £114,042 | £223,542 |
| 3 Month Average | 107.547 % | £117,764 | £227,264 |
| 6 Month Average | 107.488 % | £117,699 | £227,199 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £299,194 | £290,000 | 2 LANCASTER WAY |
| 8 Dec 2023 | £144,438 | £140,000 | 95 CRANWELL ROAD |
| 23 Oct 2023 | £266,042 | £260,000 | 3 LANCASTER WAY |
| 25 Aug 2023 | £287,180 | £282,000 | 34 LANCASTER WAY |
| 5 Jun 2023 | £331,646 | £325,000 | 5 LANCASTER WAY |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 5 Aug 2013. Using an estimated price of £207,648 means this house is valued at £2,806 per sq meter (£260 per sq foot).
The average size of a house on CRANWELL ROAD is 78 sq meters (840 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Cranwell Road |
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Cranwell Road |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Cranwell Road |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Cranwell Road |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Lancaster Way |