£196,299
This estimated value is based upon the latest sale price for the house of £155,000 on 15 Dec 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 |
|---|---|
| £155,000 | 15 Dec 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 December 2017 the House Price Index for CITY OF NOTTINGHAM was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £155,000 results in an estimated price of approximately £196,299.
| 15 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £155,000 | £41,299 | £196,299 |
The Postcode Pricing Model uses changes in average sales price within the NG7 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 | 41.127 % | £63,747 | £218,747 |
| 3 Month Average | 35.025 % | £54,289 | £209,289 |
| 6 Month Average | 52.859 % | £81,931 | £236,931 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £315,000 | £315,000 | 12 TENNYSON STREET |
| 26 Apr 2024 | £383,329 | £380,000 | 19 LARKDALE STREET |
| 1 Dec 2023 | £139,280 | £135,000 | FLAT 2 50 FOREST ROAD WEST |
| 15 Jun 2023 | £538,798 | £528,000 | 91 FOREST ROAD WEST |
| 7 Jun 2023 | £176,028 | £172,500 | FLAT 8 89A FOREST ROAD WEST |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 17 Aug 2017. Using an estimated price of £196,299 means this house is valued at £2,929 per sq meter (£272 per sq foot).
The average size of a house on BURNS STREET is 103 sq meters (1,110 sq feet).