£183,175
This estimated value is based upon the latest sale price for the house of £107,500 on 4 Dec 2012. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£107,500 | 4 Dec 2012 |
Terraced |
Leasehold |
Floor Area: 121 sq meters or 1,302 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 December 2012 the House Price Index for CITY OF NOTTINGHAM was 87.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.396%.Applying this 70.396% change to the original purchase price of £107,500 results in an estimated price of approximately £183,175.
4 Dec 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.9 | 149.7 | 70.396 % | £107,500 | £75,675 | £183,175 |
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 | 68.820 % | £73,981 | £181,481 |
3 Month Average | 110.284 % | £118,555 | £226,055 |
6 Month Average | 82.218 % | £88,384 | £195,884 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £299,194 | £290,000 | UNIT D GADD STREET |
5 Oct 2023 | £135,068 | £132,000 | 8 ELMORE COURT |
15 Jun 2022 | £367,863 | £360,000 | 8 LAKE STREET |
23 Nov 2021 | £239,694 | £220,000 | 10 LAKE STREET |
18 Jan 2021 | £160,968 | £140,000 | 3A PEVERIL STREET |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 5 Apr 2012. Using an estimated price of £183,175 means this house is valued at £1,513 per sq meter (£140 per sq foot).
The average size of a house on GADD STREET is 130 sq meters (1,407 sq feet).