£161,483
This estimated value is based upon the latest sale price for the house of £135,000 on 25 Sep 2020. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £135,000 | 25 Sep 2020 |
| £89,000 | 25 Nov 2013 |
| £80,000 | 31 Oct 2003 |
| £41,000 | 1 May 1998 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 September 2020 the House Price Index for CITY OF NOTTINGHAM was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £135,000 results in an estimated price of approximately £161,483.
| 25 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £135,000 | £26,483 | £161,483 |
The Postcode Pricing Model uses changes in average sales price within the NG5 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 | 12.800 % | £17,280 | £152,280 |
| 3 Month Average | 34.040 % | £45,953 | £180,953 |
| 6 Month Average | 32.724 % | £44,176 | £179,176 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £149,597 | £145,000 | 3 WESTMORELAND COURT EBURY ROAD |
| 11 Aug 2023 | £103,110 | £101,250 | FLAT 13 51 HAMILTON ROAD |
| 3 Aug 2022 | £100,470 | £100,000 | FLAT 4 51 HAMILTON ROAD |
| 19 Jul 2022 | £1,111,134 | £1,100,000 | 10 HAMILTON ROAD |
| 20 May 2022 | £104,728 | £102,000 | FLAT 3 51 HAMILTON ROAD |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 19 Jul 2013. Using an estimated price of £161,483 means this house is valued at £3,166 per sq meter (£294 per sq foot).
The average size of a house on HAMILTON ROAD is 67 sq meters (730 sq feet).