£292,653
This estimated value is based upon the latest sale price for the house of £59,500 on 10 Nov 1997. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £59,500 | 10 Nov 1997 |
| £54,000 | 18 Oct 1995 |
| £56,000 | 26 Jul 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 sq feet |
This model uses changes in the Official Land Registry House Price Index for STAFFORDSHIRE to estimate the market value.
When this house was purchased in November 1997 the House Price Index for STAFFORDSHIRE was 30.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 391.855%.Applying this 391.855% change to the original purchase price of £59,500 results in an estimated price of approximately £292,653.
| 10 Nov 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 148.6 | 391.855 % | £59,500 | £233,153 | £292,653 |
The Postcode Pricing Model uses changes in average sales price within the ST15 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 | 399.314 % | £237,592 | £297,092 |
| 3 Month Average | 208.941 % | £124,319 | £183,819 |
| 6 Month Average | 249.737 % | £148,593 | £208,093 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £238,044 | £235,000 | 16 BIRCHFIELDS CLOSE |
| 24 Mar 2023 | £353,329 | £350,000 | 18 NEWLANDS CLOSE |
| 28 Jun 2022 | £238,369 | £235,000 | 68 MEADOW WAY |
| 13 Jun 2022 | £164,829 | £162,500 | 4 NEWLANDS CLOSE |
| 12 May 2022 | £356,671 | £349,950 | 84 MEADOW WAY |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 8 May 2013. Using an estimated price of £292,654 means this house is valued at £3,325 per sq meter (£308 per sq foot).
The average size of a house on NEWLANDS CLOSE is 85 sq meters (917 sq feet).