£116,602
This estimated value is based upon the latest sale price for the house of £77,000 on 12 Aug 2014. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £77,000 | 12 Aug 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 August 2014 the House Price Index for STAFFORDSHIRE was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £77,000 results in an estimated price of approximately £116,602.
| 12 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £77,000 | £39,602 | £116,602 |
The Postcode Pricing Model uses changes in average sales price within the ST5 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 | 20.780 % | £16,000 | £93,000 |
| 3 Month Average | 26.290 % | £20,242 | £97,242 |
| 6 Month Average | 22.525 % | £17,344 | £94,344 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £1,100,001 | £1,100,001 | 1 - 35 CASTLETOWN GRANGE |
| 30 Jun 2023 | £197,391 | £195,000 | 61 NAVIGATION WAY |
| 24 Feb 2023 | £129,913 | £130,000 | 26 RAMSEY ROAD |
| 14 Jun 2022 | £190,695 | £188,000 | 1 JUNCTION CRESCENT |
| 24 Mar 2022 | £196,890 | £190,000 | 48 RONALDSWAY DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 6 May 2014. Using an estimated price of £116,602 means this house is valued at £1,619 per sq meter (£150 per sq foot).
The average size of a house on RAMSEY ROAD is 84 sq meters (913 sq feet).