£304,299
This estimated value is based upon the latest sale price for the house of £149,900 on 14 May 2004. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £149,900 | 14 May 2004 |
| £50,000 | 17 Nov 1999 |
| Terraced |
| Freehold |
| Floor Area: 156 sq meters or 1,679 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 May 2004 the House Price Index for CITY OF NOTTINGHAM was 73.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 103.002%.Applying this 103.002% change to the original purchase price of £149,900 results in an estimated price of approximately £304,299.
| 14 May 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 149.7 | 103.002 % | £149,900 | £154,399 | £304,299 |
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 | 59.520 % | £89,220 | £239,120 |
| 3 Month Average | 69.828 % | £104,671 | £254,571 |
| 6 Month Average | 95.419 % | £143,033 | £292,933 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £107,440 | £105,000 | 103A ILKESTON ROAD |
| 5 Apr 2023 | £407,624 | £400,000 | 8 DERBY GROVE |
| 31 Mar 2023 | £1,016,984 | £1,000,000 | FLAT 4 12 DOUGLAS ROAD |
| 30 Jan 2023 | £421,125 | £420,000 | 17 ALBERT GROVE |
| 6 Jan 2023 | £521,393 | £520,000 | 37 ALBERT GROVE |
This house has a floor area of 156 sq meters or 1,679 sq feet when measured on 9 Sep 2019. Using an estimated price of £304,299 means this house is valued at £1,950 per sq meter (£181 per sq foot).
The average size of a house on ILKESTON ROAD is 100 sq meters (1,087 sq feet).