£324,336
This estimated value is based upon the latest sale price for the house of £325,000 on 5 Jun 2023. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
There has been one burglary within the last year on or near Lancaster Way
More crime details
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| Price Paid | Date |
|---|---|
| £325,000 | 5 Jun 2023 |
| Detached |
| Freehold |
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 2023 the House Price Index for CITY OF NOTTINGHAM was 147.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.204%.Applying this -0.204% change to the original purchase price of £325,000 results in an estimated price of approximately £324,336.
| 5 Jun 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 146.7 | -0.204 % | £325,000 | £-663 | £324,336 |
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 | -23.581 % | £-76,639 | £248,360 |
| 3 Month Average | 5.160 % | £16,771 | £341,771 |
| 6 Month Average | 1.396 % | £4,537 | £329,537 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Lancaster Way |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Shackleton Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cranwell Road |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Cranwell Road |
| Dec 2023 | Anti-social behaviour | On or near Cranwell Road |