£301,307
This estimated value is based upon the latest sale price for the house of £242,500 on 19 Jul 2019. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
There has been one burglary within the last year on or near Lancaster Road
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| Price Paid | Date |
|---|---|
| £242,500 | 19 Jul 2019 |
| £235,000 | 10 Dec 2018 |
| Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 July 2019 the House Price Index for STAFFORDSHIRE was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £242,500 results in an estimated price of approximately £301,307.
| 19 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £242,500 | £58,807 | £301,307 |
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 | 39.237 % | £95,148 | £337,648 |
| 3 Month Average | 17.059 % | £41,368 | £283,868 |
| 6 Month Average | 15.291 % | £37,081 | £279,581 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £212,848 | £211,000 | 16 PALMERS GREEN |
| 22 Jun 2023 | £234,703 | £230,000 | 16 PARKSTONE AVENUE |
| 22 Jun 2023 | £234,703 | £230,000 | 1 PARKSTONE AVENUE |
| 17 Apr 2023 | £219,098 | £215,000 | 16 MOUNT PLEASANT |
| 2 Sep 2022 | £414,723 | £415,000 | 16 LANCASTER ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 18 Sep 2018. Using an estimated price of £301,307 means this house is valued at £3,013 per sq meter (£279 per sq foot).
The average size of a house on LANCASTER ROAD is 129 sq meters (1,396 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lancaster Road |
| Apr 2024 | Burglary | Under investigation | On or near Lancaster Road |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mount Pleasant |
| May 2024 | Violence and sexual offences | Under investigation | On or near Mount Pleasant |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mount Pleasant |