£90,330
This estimated value is based upon the latest sale price for the house of £67,500 on 9 Sep 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 |
|---|---|
| £67,500 | 9 Sep 2016 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 September 2016 the House Price Index for CITY OF NOTTINGHAM was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £67,500 results in an estimated price of approximately £90,330.
| 9 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £67,500 | £22,830 | £90,330 |
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 | 64.100 % | £43,267 | £110,767 |
| 3 Month Average | 44.083 % | £29,756 | £97,256 |
| 6 Month Average | 42.755 % | £28,859 | £96,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £177,731 | £175,000 | 48 WENDLING GARDENS |
| 20 Oct 2023 | £169,346 | £165,500 | 100 MOSSWOOD CRESCENT |
| 13 Oct 2023 | £168,835 | £165,000 | 52 WENDLING GARDENS |
| 4 Sep 2023 | £190,193 | £186,000 | 58 MOSSWOOD CRESCENT |
| 20 Apr 2023 | £198,717 | £195,000 | 30 WENDLING GARDENS |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 20 Sep 2016. Using an estimated price of £90,330 means this house is valued at £1,129 per sq meter (£104 per sq foot).
There is one other house on the street which we know the size of, this is 8 FAIRLIGHT WAY it is 78.88