£367,863
This estimated value is based upon the latest sale price for the house of £360,000 on 15 Jun 2022. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
There has been one burglary within the last year on or near Lake Street
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| Price Paid | Date |
|---|---|
| £360,000 | 15 Jun 2022 |
| £127,000 | 21 Jan 2005 |
| £76,000 | 15 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 2022 the House Price Index for CITY OF NOTTINGHAM was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £360,000 results in an estimated price of approximately £367,863.
| 15 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £360,000 | £7,863 | £367,863 |
The Postcode Pricing Model uses changes in average sales price within the NG7 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 | -8.064 % | £-29,030 | £330,969 |
| 3 Month Average | 6.653 % | £23,950 | £383,950 |
| 6 Month Average | 22.961 % | £82,660 | £442,660 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £299,194 | £290,000 | UNIT D GADD STREET |
| 15 Jun 2022 | £367,863 | £360,000 | 8 LAKE STREET |
| 24 Jan 2022 | £159,030 | £150,000 | 218 ALFRETON ROAD |
| 5 Jan 2022 | £170,692 | £161,000 | 31A BENTINCK ROAD |
| 23 Nov 2021 | £239,694 | £220,000 | 10 LAKE STREET |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 11 Nov 2013. Using an estimated price of £367,863 means this house is valued at £3,314 per sq meter (£307 per sq foot).
The average size of a house on LAKE STREET is 124 sq meters (1,343 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Under investigation | On or near Lake Street |
| Oct 2024 | Other theft | Under investigation | On or near Lake Street |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lake Street |
| Aug 2024 | Burglary | Unable to prosecute suspect | On or near Lake Street |