£470,224
This estimated value is based upon the latest sale price for the house of £224,950 on 26 Mar 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 |
|---|---|
| £224,950 | 26 Mar 2004 |
| Detached |
| Freehold |
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 March 2004 the House Price Index for CITY OF NOTTINGHAM was 71.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 109.035%.Applying this 109.035% change to the original purchase price of £224,950 results in an estimated price of approximately £470,224.
| 26 Mar 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 148.6 | 109.035 % | £224,950 | £245,274 | £470,224 |
The Postcode Pricing Model uses changes in average sales price within the NG3 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 | 42.829 % | £96,343 | £321,293 |
| 3 Month Average | 61.448 % | £138,226 | £363,176 |
| 6 Month Average | 79.894 % | £179,722 | £404,672 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £151,938 | £149,995 | APARTMENT 4 14A MAGDALA ROAD |
| 16 Jun 2023 | £151,839 | £150,000 | 4 ELM BANK DRIVE |
| 11 Apr 2023 | £768,272 | £760,000 | 28 MAGDALA ROAD |
| 13 Jan 2023 | £174,180 | £175,000 | 50 REDCLIFFE ROAD |
| 4 Nov 2022 | £158,826 | £160,750 | FLAT 4 RICHMOND COURT, 40 MAGDALA ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Awaiting court outcome | On or near Elm Bank Drive |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Elm Bank Drive |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Elm Bank |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sycamore Place |
| Mar 2024 | Anti-social behaviour | On or near Mapperley Road |