£247,604
This estimated value is based upon the latest sale price for the house of £220,000 on 15 May 2021. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
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| Price Paid | Date |
|---|---|
| £220,000 | 15 May 2021 |
| £205,000 | 23 Oct 2020 |
| £220,000 | 15 May 2020 |
| £184,995 | 26 Sep 2014 |
| 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 DERBY to estimate the market value.
When this house was purchased in May 2021 the House Price Index for CITY OF DERBY was 131.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 12.548%.Applying this 12.548% change to the original purchase price of £220,000 results in an estimated price of approximately £247,604.
| 15 May 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 148.0 | 12.548 % | £220,000 | £27,604 | £247,604 |
The Postcode Pricing Model uses changes in average sales price within the DE22 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 | 14.067 % | £30,947 | £250,947 |
| 3 Month Average | -4.033 % | £-8,871 | £211,128 |
| 6 Month Average | -12.518 % | £-27,540 | £192,459 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £234,435 | £230,000 | 22 MERTON DRIVE |
| 8 Aug 2023 | £253,542 | £252,000 | 10 BELMONT CLOSE |
| 21 Jul 2023 | £185,757 | £184,000 | 36 MERTON DRIVE |
| 30 Jun 2023 | £241,962 | £240,000 | 26 MERTON DRIVE |
| 13 Mar 2023 | £296,603 | £295,000 | 12 MERTON DRIVE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 13 Aug 2014. Using an estimated price of £247,605 means this house is valued at £2,782 per sq meter (£258 per sq foot).
The average size of a house on MERTON DRIVE is 86 sq meters (931 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Newham Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newham Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newham Close |
| Mar 2024 | Robbery | Under investigation | On or near Havering Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Havering Close |