£178,922
This estimated value is based upon the latest sale price for the house of £133,000 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£133,000 | 24 Mar 2016 |
£180,000 | 9 May 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 625 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 Apr 2024 is 148.0 which is a change of 34.528%.Applying this 34.528% change to the original purchase price of £133,000 results in an estimated price of approximately £178,922.
24 Mar 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.0 | 148.0 | 34.528 % | £133,000 | £45,922 | £178,922 |
The Postcode Pricing Model uses changes in average sales price within the NG1 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 | 148.736 % | £197,819 | £330,819 |
3 Month Average | 78.351 % | £104,206 | £237,206 |
6 Month Average | 38.098 % | £50,669 | £183,669 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £157,532 | £157,000 | FLAT 59 THE HABITAT WOOLPACK LANE |
1 Mar 2023 | £139,755 | £139,000 | FLAT 95 THE HABITAT WOOLPACK LANE |
30 Sep 2022 | £101,268 | £102,500 | FLAT 49 THE HABITAT WOOLPACK LANE |
27 Jul 2022 | £149,798 | £150,000 | FLAT 102 THE HABITAT WOOLPACK LANE |
22 Jul 2022 | £102,362 | £102,500 | FLAT 64 THE HABITAT WOOLPACK LANE |
This house has a floor area of 58 sq meters or 625 sq feet when measured on 7 Nov 2011. Using an estimated price of £178,923 means this house is valued at £3,080 per sq meter (£286 per sq foot).
The average size of a house on WOOLPACK LANE is 57 sq meters (616 sq feet).