£228,045
This estimated value is based upon the latest sale price for the house of £164,950 on 29 Jan 2016. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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| Price Paid | Date |
|---|---|
| £164,950 | 29 Jan 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF DERBY to estimate the market value.
When this house was purchased in January 2016 the House Price Index for CITY OF DERBY was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £164,950 results in an estimated price of approximately £228,045.
| 29 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £164,950 | £63,095 | £228,045 |
The Postcode Pricing Model uses changes in average sales price within the DE22 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 | 67.986 % | £112,143 | £277,093 |
| 3 Month Average | 30.746 % | £50,715 | £215,665 |
| 6 Month Average | 23.542 % | £38,832 | £203,782 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £237,291 | £230,000 | 22 MERTON DRIVE |
| 19 Dec 2023 | £226,974 | £220,000 | 3 BROMPTON ROAD |
| 9 Nov 2023 | £418,626 | £408,000 | 31 RICHMOND PARK ROAD |
| 23 Oct 2023 | £271,159 | £265,000 | 22 STOCKWELL DRIVE |
| 13 Mar 2023 | £300,010 | £295,000 | 12 MERTON DRIVE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 20 Nov 2015. Using an estimated price of £228,046 means this house is valued at £2,923 per sq meter (£271 per sq foot).
The average size of a house on RICHMOND PARK ROAD is 122 sq meters (1,317 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Lambeth Close |