£219,098
This estimated value is based upon the latest sale price for the house of £215,000 on 21 Apr 2023. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £215,000 | 21 Apr 2023 |
| £132,500 | 24 Jun 2016 |
| £42,000 | 19 Apr 2002 |
| Leasehold |
| Floor Area: 77 sq meters or 828 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 April 2023 the House Price Index for CITY OF NOTTINGHAM was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £215,000 results in an estimated price of approximately £219,098.
| 21 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £215,000 | £4,098 | £219,098 |
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 | -24.555 % | £-52,792 | £162,207 |
| 3 Month Average | -3.253 % | £-6,993 | £208,006 |
| 6 Month Average | 10.713 % | £23,031 | £238,031 |
| 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 |
| 5 Apr 2024 | £398,965 | £395,500 | 1 GEDLING GROVE |
| 1 Dec 2023 | £139,280 | £135,000 | FLAT 2 50 FOREST ROAD WEST |
| 15 Jun 2023 | £538,798 | £528,000 | 91 FOREST ROAD WEST |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 5 Sep 2019. Using an estimated price of £219,098 means this house is valued at £2,845 per sq meter (£264 per sq foot).
The average size of a house on FOREST ROAD WEST is 77 sq meters (832 sq feet).