£146,847
This estimated value is based upon the latest sale price for the house of £139,000 on 16 Feb 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 Sports/Recreation Area
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| Price Paid | Date |
|---|---|
| £139,000 | 16 Feb 2022 |
| £79,950 | 26 Aug 2005 |
| £65,000 | 30 Apr 2004 |
| £59,950 | 24 Mar 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 February 2022 the House Price Index for CITY OF NOTTINGHAM was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £139,000 results in an estimated price of approximately £146,847.
| 16 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £139,000 | £7,847 | £146,847 |
The Postcode Pricing Model uses changes in average sales price within the NG8 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 | -16.781 % | £-23,325 | £115,674 |
| 3 Month Average | 9.310 % | £12,941 | £151,941 |
| 6 Month Average | 8.588 % | £11,936 | £150,936 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £87,939 | £86,000 | 45 DARNHALL CRESCENT |
| 10 Aug 2022 | £210,987 | £210,000 | 55 CHINGFORD ROAD |
| 8 Aug 2022 | £221,034 | £220,000 | 1 ASTWOOD CLOSE |
| 14 Jun 2022 | £153,276 | £150,000 | 27 BRACEBRIDGE DRIVE |
| 22 Mar 2022 | £172,249 | £165,000 | 2 MELFORD ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 3 Sep 2021. Using an estimated price of £146,848 means this house is valued at £1,769 per sq meter (£164 per sq foot).
The average size of a house on MELFORD ROAD is 90 sq meters (977 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Sep 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Sep 2024 | Vehicle crime | Unable to prosecute suspect | On or near Sports/Recreation Area |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Aug 2024 | Burglary | Under investigation | On or near Sports/Recreation Area |