£89,391
This estimated value is based upon the latest sale price for the house of £65,000 on 12 Feb 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 |
|---|---|
| £65,000 | 12 Feb 2016 |
| £50,000 | 19 Sep 2005 |
| £10,500 | 30 Sep 1998 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 February 2016 the House Price Index for CITY OF DERBY was 108.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 37.526%.Applying this 37.526% change to the original purchase price of £65,000 results in an estimated price of approximately £89,391.
| 12 Feb 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 149.7 | 37.526 % | £65,000 | £24,391 | £89,391 |
The Postcode Pricing Model uses changes in average sales price within the DE23 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 | 33.853 % | £22,004 | £87,004 |
| 3 Month Average | 52.894 % | £34,381 | £99,381 |
| 6 Month Average | 42.387 % | £27,551 | £92,551 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £135,998 | £133,000 | 5 YOUNG STREET |
| 10 Aug 2022 | £89,418 | £89,000 | 32 THORN STREET |
| 23 Feb 2022 | £124,134 | £117,500 | 46 CLARENCE ROAD |
| 11 Nov 2021 | £108,952 | £100,000 | 36 YOUNG STREET |
| 18 Dec 2020 | £127,183 | £110,000 | 45 THORN STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 17 Jun 2014. Using an estimated price of £89,392 means this house is valued at £1,259 per sq meter (£116 per sq foot).
The average size of a house on YOUNG STREET is 84 sq meters (907 sq feet).