£356,721
This estimated value is based upon the latest sale price for the house of £350,000 on 30 May 2022. 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 |
|---|---|
| £350,000 | 30 May 2022 |
| £253,000 | 17 Nov 2015 |
| £222,500 | 26 Jan 2007 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 May 2022 the House Price Index for STAFFORDSHIRE was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £350,000 results in an estimated price of approximately £356,721.
| 30 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.6 | 1.920 % | £350,000 | £6,721 | £356,721 |
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 | 21.891 % | £76,618 | £426,618 |
| 3 Month Average | -9.729 % | £-34,051 | £315,948 |
| 6 Month Average | -9.573 % | £-33,504 | £316,495 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £232,820 | £230,000 | 1 PARKSTONE AVENUE |
| 22 Jun 2023 | £232,820 | £230,000 | 16 PARKSTONE AVENUE |
| 17 Apr 2023 | £217,340 | £215,000 | 16 MOUNT PLEASANT |
| 2 Sep 2022 | £411,676 | £415,000 | 16 LANCASTER ROAD |
| 29 Jul 2022 | £250,675 | £250,000 | 108 THE AVENUE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 2 Jul 2015. Using an estimated price of £356,722 means this house is valued at £3,302 per sq meter (£306 per sq foot).
The average size of a house on LANCASTER ROAD is 129 sq meters (1,396 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near Lancaster Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lancaster Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lancaster Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lancaster Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palmers Way |