£123,137
This estimated value is based upon the latest sale price for the house of £80,000 on 30 Jul 2014. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £80,000 | 30 Jul 2014 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 570 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 July 2014 the House Price Index for CITY OF NOTTINGHAM was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £80,000 results in an estimated price of approximately £123,137.
| 30 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £80,000 | £43,137 | £123,137 |
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 | 52.381 % | £41,904 | £121,904 |
| 3 Month Average | 78.236 % | £62,588 | £142,588 |
| 6 Month Average | 89.192 % | £71,353 | £151,353 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £203,673 | £200,000 | 34 PENRITH CRESCENT |
| 24 Feb 2023 | £181,210 | £180,000 | 6 DENEHURST AVENUE |
| 14 Oct 2022 | £87,707 | £88,000 | 29 MELBOURNE COURT |
| 18 Mar 2022 | £138,843 | £133,000 | 40 PENRITH CRESCENT |
| 7 Feb 2022 | £184,880 | £175,000 | 22 PENRITH CRESCENT |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 6 Jul 2012. Using an estimated price of £123,137 means this house is valued at £2,323 per sq meter (£215 per sq foot).
The average size of a house on MELBOURNE ROAD is 82 sq meters (892 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Melbourne Court |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melbourne Court |
| Aug 2024 | Anti-social behaviour | On or near Penrith Crescent | |
| Aug 2024 | Anti-social behaviour | On or near Penrith Crescent | |
| Aug 2024 | Anti-social behaviour | On or near Penrith Crescent |