£288,370
This estimated value is based upon the latest sale price for the house of £151,000 on 9 Sep 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 |
|---|---|
| £151,000 | 9 Sep 2004 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 2004 the House Price Index for CITY OF NOTTINGHAM was 77.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 90.974%.Applying this 90.974% change to the original purchase price of £151,000 results in an estimated price of approximately £288,370.
| 9 Sep 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.8 | 148.6 | 90.974 % | £151,000 | £137,370 | £288,370 |
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 | 49.696 % | £75,041 | £226,041 |
| 3 Month Average | 24.528 % | £37,036 | £188,036 |
| 6 Month Average | 34.502 % | £52,097 | £203,097 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2023 | £810,955 | £800,040 | 65 - 67 DERBY ROAD |
| 6 Jan 2023 | £199,062 | £200,000 | APARTMENT 6D PARK HEIGHTS, 4 - 6 THE ROPEWALK |
| 28 Nov 2022 | £853,660 | £864,000 | 16 THE ROPEWALK |
| 10 Nov 2022 | £132,396 | £134,000 | 3 CANNING TERRACE |
| 7 Nov 2022 | £212,427 | £215,000 | FLAT 6 THE PINNACLE COTTAGE TERRACE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 30 Jul 2018. Using an estimated price of £288,370 means this house is valued at £2,670 per sq meter (£248 per sq foot).
The average size of a house on DERBY ROAD is 61 sq meters (662 sq feet).