£109,650
This estimated value is based upon the latest sale price for the house of £87,500 on 12 Jun 2018. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £87,500 | 12 Jun 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 June 2018 the House Price Index for CITY OF NOTTINGHAM was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £87,500 results in an estimated price of approximately £109,650.
| 12 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £87,500 | £22,150 | £109,650 |
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 | 12.950 % | £11,330 | £98,830 |
| 3 Month Average | 28.960 % | £25,340 | £112,840 |
| 6 Month Average | 43.194 % | £37,794 | £125,294 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2024 | £131,250 | £131,250 | 9 AINSDALE CRESCENT |
| 27 Oct 2023 | £146,323 | £143,000 | 14 ELTHAM DRIVE |
| 29 Sep 2023 | £158,494 | £155,000 | 132 BELLS LANE |
| 25 Sep 2023 | £189,170 | £185,000 | 158 BROXTOWE LANE |
| 22 Sep 2023 | £177,922 | £174,000 | 88 WELSTEAD AVENUE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 3 Oct 2018. Using an estimated price of £109,651 means this house is valued at £1,612 per sq meter (£149 per sq foot).
The average size of a house on ROSSLYN DRIVE is 73 sq meters (788 sq feet).