£67,917
This estimated value is based upon the latest sale price for the house of £55,000 on 21 Sep 2018. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £55,000 | 21 Sep 2018 |
| £64,000 | 31 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 September 2018 the House Price Index for STAFFORDSHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £55,000 results in an estimated price of approximately £67,917.
| 21 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £55,000 | £12,917 | £67,917 |
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 | 10.650 % | £5,857 | £60,857 |
| 3 Month Average | 16.571 % | £9,114 | £64,114 |
| 6 Month Average | 7.393 % | £4,065 | £59,065 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jan 2023 | £62,705 | £63,000 | APARTMENT 65 ORME HOUSE, 1 ORME ROAD |
| 1 Aug 2022 | £72,305 | £72,500 | APARTMENT 2 ORME HOUSE, 1 ORME ROAD |
| 20 Jun 2022 | £77,089 | £76,000 | 22 POOL DAM |
| 13 May 2022 | £69,815 | £68,500 | APARTMENT 49 ORME HOUSE, 1 ORME ROAD |
| 9 Feb 2022 | £94,383 | £90,000 | 6 SILVERDALE ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 3 Oct 2013. Using an estimated price of £67,918 means this house is valued at £1,113 per sq meter (£103 per sq foot).
The average size of a house on SILVERDALE ROAD is 75 sq meters (808 sq feet).