£163,233
This estimated value is based upon the latest sale price for the house of £131,000 on 21 Aug 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 |
|---|---|
| £131,000 | 21 Aug 2018 |
| £78,950 | 14 Aug 2003 |
| £26,000 | 30 Jul 1999 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 August 2018 the House Price Index for CITY OF NOTTINGHAM was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £131,000 results in an estimated price of approximately £163,233.
| 21 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £131,000 | £32,233 | £163,233 |
The Postcode Pricing Model uses changes in average sales price within the NG2 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 | 15.300 % | £20,042 | £151,042 |
| 3 Month Average | 31.385 % | £41,113 | £172,113 |
| 6 Month Average | 39.010 % | £51,103 | £182,103 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £106,929 | £105,000 | 23 ARDMORE CLOSE |
| 29 Mar 2023 | £221,194 | £217,500 | 96 LEES HILL STREET |
| 1 Sep 2022 | £205,363 | £205,500 | 82 ST STEPHENS ROAD |
| 13 May 2022 | £187,895 | £183,000 | 88 LEES HILL STREET |
| 14 Apr 2022 | £191,923 | £185,000 | 1A SNEINTON HERMITAGE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 23 Feb 2018. Using an estimated price of £163,234 means this house is valued at £1,774 per sq meter (£164 per sq foot).
The average size of a house on LEES HILL STREET is 94 sq meters (1,014 sq feet).