£278,950
This estimated value is based upon the latest sale price for the house of £205,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
There have been three burglaries within the last year on or near Welby Avenue
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| Price Paid | Date |
|---|---|
| £205,000 | 31 Mar 2016 |
| £205,000 | 12 Jan 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 March 2016 the House Price Index for CITY OF NOTTINGHAM was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £205,000 results in an estimated price of approximately £278,950.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £205,000 | £73,950 | £278,950 |
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 | 45.180 % | £92,618 | £297,618 |
| 3 Month Average | 58.174 % | £119,255 | £324,255 |
| 6 Month Average | 72.489 % | £148,602 | £353,602 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £182,809 | £180,000 | 49 PARK STREET |
| 19 Apr 2023 | £438,196 | £430,000 | 53 TEVERSAL AVENUE |
| 13 Mar 2023 | £396,624 | £390,000 | 70 ROLLESTON DRIVE |
| 6 Mar 2023 | £289,332 | £284,500 | 46 ROLLESTON DRIVE |
| 10 Jan 2023 | £280,750 | £280,000 | 23 HARRINGTON DRIVE |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 30 Nov 2018. Using an estimated price of £278,951 means this house is valued at £2,384 per sq meter (£221 per sq foot).
The average size of a house on WELBY AVENUE is 103 sq meters (1,116 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Welby Avenue |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Welby Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Welby Avenue |
| Oct 2024 | Burglary | Under investigation | On or near Welby Avenue |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Welby Avenue |