£616,074
This estimated value is based upon the latest sale price for the house of £162,950 on 30 Jun 2000. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £162,950 | 30 Jun 2000 |
| Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 June 2000 the House Price Index for CITY OF NOTTINGHAM was 39.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 278.076%.Applying this 278.076% change to the original purchase price of £162,950 results in an estimated price of approximately £616,074.
| 30 Jun 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.6 | 149.7 | 278.076 % | £162,950 | £453,124 | £616,074 |
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 | 232.641 % | £379,088 | £542,038 |
| 3 Month Average | 300.833 % | £490,207 | £653,157 |
| 6 Month Average | 330.912 % | £539,220 | £702,170 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £430,000 | £430,000 | 22 FAR RYE |
| 2 Aug 2024 | £675,000 | £675,000 | 25 ARCHER CRESCENT |
| 15 Jul 2024 | £440,000 | £440,000 | 124 TORVILL DRIVE |
| 14 Jun 2024 | £317,000 | £317,000 | 28 CAXMERE DRIVE |
| 1 Sep 2023 | £434,580 | £425,000 | 100 TORVILL DRIVE |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 20 Jul 2020. Using an estimated price of £616,075 means this house is valued at £4,775 per sq meter (£443 per sq foot).
The average size of a house on FAR RYE is 129 sq meters (1,395 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Far Rye |
| Aug 2024 | Anti-social behaviour | On or near Far Rye | |
| Aug 2024 | Anti-social behaviour | On or near Far Rye | |
| Aug 2024 | Anti-social behaviour | On or near Far Rye | |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Far Rye |