£341,778
This estimated value is based upon the latest sale price for the house of £159,500 on 27 Jan 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 |
---|---|
£159,500 | 27 Jan 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 41 sq meters or 441 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 January 2004 the House Price Index for CITY OF NOTTINGHAM was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £159,500 results in an estimated price of approximately £341,778.
27 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
69.3 | 148.6 | 114.281 % | £159,500 | £182,278 | £341,778 |
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 | 7.304 % | £11,650 | £171,150 |
3 Month Average | 11.222 % | £17,899 | £177,399 |
6 Month Average | 31.309 % | £49,938 | £209,438 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Aug 2023 | £159,394 | £158,000 | APARTMENT 45 WEEKDAY CROSS BUILDING PILCHER GATE |
30 Jun 2023 | £222,698 | £220,000 | APARTMENT 101 WEEKDAY CROSS BUILDING PILCHER GATE |
10 Feb 2023 | £179,879 | £180,000 | APARTMENT 317 WEEKDAY CROSS BUILDING HALIFAX PLACE |
29 Jul 2022 | £185,499 | £185,000 | APARTMENT 417 WEEKDAY CROSS BUILDING HALIFAX PLACE |
1 Jul 2022 | £121,327 | £121,000 | APARTMENT 509 WEEKDAY CROSS BUILDING PILCHER GATE |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 17 Jul 2013. Using an estimated price of £341,778 means this house is valued at £8,336 per sq meter (£774 per sq foot).
The average size of a house on PILCHER GATE is 63 sq meters (685 sq feet).