£115,014
This estimated value is based upon the latest sale price for the house of £62,500 on 13 Sep 2005. This value is then adjusted by the current Official House Price Index for STOKE-ON-TRENT 1
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| Price Paid | Date |
|---|---|
| £62,500 | 13 Sep 2005 |
| £59,950 | 25 Jun 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 sq feet |
This model uses changes in the Official Land Registry House Price Index for STOKE-ON-TRENT to estimate the market value.
When this house was purchased in September 2005 the House Price Index for STOKE-ON-TRENT was 81.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 84.023%.Applying this 84.023% change to the original purchase price of £62,500 results in an estimated price of approximately £115,014.
| 13 Sep 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.3 | 149.7 | 84.023 % | £62,500 | £52,514 | £115,014 |
The Postcode Pricing Model uses changes in average sales price within the ST2 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 | 173.837 % | £108,648 | £171,148 |
| 3 Month Average | 89.571 % | £55,981 | £118,481 |
| 6 Month Average | 64.016 % | £40,010 | £102,510 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £155,810 | £153,000 | 94 LOCKINGTON AVENUE |
| 30 Jun 2023 | £403,078 | £395,000 | 516 WERRINGTON ROAD |
| 20 Apr 2023 | £147,764 | £145,000 | 88 CHELMSFORD DRIVE |
| 28 Mar 2023 | £122,038 | £120,000 | 37 RUTHIN ROAD |
| 10 Feb 2023 | £50,336 | £50,000 | 62 NORWICH ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 11 Sep 2017. Using an estimated price of £115,014 means this house is valued at £1,493 per sq meter (£138 per sq foot).
The average size of a house on READING WAY is 121 sq meters (1,307 sq feet).
This house is the smallest in the street with a floor area of 77 sq meters (828 sq feet).