£106,021
This estimated value is based upon the latest sale price for the house of £42,950 on 10 Feb 2003. This value is then adjusted by the current Official House Price Index for CITY OF NOTTINGHAM 1
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Price Paid | Date |
---|---|
£42,950 | 10 Feb 2003 |
Terraced |
Freehold |
Floor Area: 79 sq meters or 850 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 February 2003 the House Price Index for CITY OF NOTTINGHAM was 60.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 146.849%.Applying this 146.849% change to the original purchase price of £42,950 results in an estimated price of approximately £106,021.
10 Feb 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
60.6 | 149.7 | 146.849 % | £42,950 | £63,071 | £106,021 |
The Postcode Pricing Model uses changes in average sales price within the NG6 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 | 124.033 % | £53,272 | £96,222 |
3 Month Average | 131.577 % | £56,512 | £99,462 |
6 Month Average | 162.660 % | £69,862 | £112,812 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Jun 2024 | £110,000 | £110,000 | 39 LATHKILL CLOSE |
25 Oct 2023 | £162,184 | £158,500 | 70 NEWMARKET ROAD |
14 Apr 2023 | £150,311 | £147,500 | 33 STOCK WELL |
24 Feb 2023 | £156,042 | £155,000 | 49 NEWMARKET ROAD |
24 Feb 2023 | £151,009 | £150,000 | UNIT 7 LILLINGTON ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 17 Mar 2014. Using an estimated price of £106,022 means this house is valued at £1,342 per sq meter (£124 per sq foot).
The average size of a house on STOCK WELL is 92 sq meters (1,000 sq feet).