£127,949
This estimated value is based upon the latest sale price for the house of £100,000 on 18 Aug 2017. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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| Price Paid | Date |
|---|---|
| £100,000 | 18 Aug 2017 |
| £92,500 | 3 Jan 2014 |
| £87,500 | 8 Aug 2011 |
| £85,000 | 17 Sep 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 2017 the House Price Index for CITY OF NOTTINGHAM was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £100,000 results in an estimated price of approximately £127,949.
| 18 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £100,000 | £27,949 | £127,949 |
The Postcode Pricing Model uses changes in average sales price within the NG5 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 | 49.930 % | £49,929 | £149,929 |
| 3 Month Average | 39.626 % | £39,626 | £139,626 |
| 6 Month Average | 41.433 % | £41,432 | £141,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Mar 2024 | £126,950 | £125,000 | FLAT 23 BINDING HOUSE BINDING CLOSE |
| 25 Aug 2023 | £197,563 | £194,000 | FLAT 2 FORMAN HOUSE HUCKNALL ROAD |
| 21 Jun 2023 | £230,622 | £226,000 | 25 CAXTON ROAD |
| 14 Apr 2023 | £71,334 | £70,000 | FLAT 15 THOMAS FORMAN COURT STANHOPE AVENUE |
| 18 Nov 2022 | £127,151 | £127,746 | FLAT 2 WATERMARK HOUSE WATERMARK CLOSE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 28 May 2021. Using an estimated price of £127,949 means this house is valued at £2,132 per sq meter (£198 per sq foot).
The average size of a house on BINDING CLOSE is 59 sq meters (638 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Caxton Road |
| Sep 2024 | Anti-social behaviour | On or near Caxton Road | |
| Sep 2024 | Anti-social behaviour | On or near Caxton Road | |
| Sep 2024 | Drugs | Awaiting court outcome | On or near Caxton Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Caxton Road |