£108,064
This estimated value is based upon the latest sale price for the house of £85,000 on 31 Oct 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 |
|---|---|
| £85,000 | 31 Oct 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 October 2017 the House Price Index for CITY OF NOTTINGHAM was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £85,000 results in an estimated price of approximately £108,064.
| 31 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £85,000 | £23,064 | £108,064 |
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 | 39.754 % | £33,790 | £118,790 |
| 3 Month Average | 41.125 % | £34,956 | £119,956 |
| 6 Month Average | 39.713 % | £33,756 | £118,756 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Apr 2024 | £211,840 | £210,000 | 70 MELFORD ROAD |
| 13 Mar 2023 | £179,498 | £176,500 | 268 WIGMAN ROAD |
| 27 Jan 2023 | £220,589 | £220,000 | 2 FAIRNLEY ROAD |
| 16 Jun 2022 | £168,604 | £165,000 | 11 HORNCHURCH ROAD |
| 4 May 2022 | £154,012 | £150,000 | 1 FAIRNLEY ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 24 Apr 2014. Using an estimated price of £108,064 means this house is valued at £1,214 per sq meter (£112 per sq foot).
The average size of a house on MELFORD ROAD is 90 sq meters (977 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Melford Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Melford Road |
| Aug 2024 | Possession of weapons | Unable to prosecute suspect | On or near Melford Road |
| Jul 2024 | Anti-social behaviour | On or near Melford Road | |
| Jul 2024 | Anti-social behaviour | On or near Melford Road |