£175,004
This estimated value is based upon the latest sale price for the house of £135,000 on 2 May 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 |
|---|---|
| £135,000 | 2 May 2017 |
| £108,000 | 29 Jun 2009 |
| £108,000 | 29 Jun 2009 |
| £121,000 | 24 Feb 2006 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 May 2017 the House Price Index for CITY OF NOTTINGHAM was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £135,000 results in an estimated price of approximately £175,004.
| 2 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £135,000 | £40,004 | £175,004 |
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 | 4.490 % | £6,061 | £141,061 |
| 3 Month Average | 48.379 % | £65,311 | £200,311 |
| 6 Month Average | 47.936 % | £64,714 | £199,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £185,343 | £182,000 | 22 GAYNOR COURT |
| 22 Mar 2023 | £188,142 | £185,000 | 9 CHAPMAN COURT |
| 22 Jul 2022 | £168,690 | £167,000 | 12 CLOUGH COURT |
| 14 Jul 2022 | £192,428 | £190,500 | 27 CHAPMAN COURT |
| 8 Mar 2022 | £187,908 | £180,000 | 26 CROPTON CRESCENT |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 12 Jul 2020. Using an estimated price of £175,004 means this house is valued at £2,083 per sq meter (£193 per sq foot).
The average size of a house on PEARCE DRIVE is 87 sq meters (942 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Pearce Drive | |
| Aug 2024 | Anti-social behaviour | On or near Pearce Drive | |
| Aug 2024 | Anti-social behaviour | On or near Pearce Drive | |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Gaynor Court |
| Aug 2024 | Possession of weapons | Under investigation | On or near Gaynor Court |