£1,877,547
This estimated value is based upon the latest sale price for the house of £1,450,000 on 20 Feb 2017. 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 Springhill Lane
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| Price Paid | Date |
|---|---|
| £1,450,000 | 20 Feb 2017 |
| Detached |
| Freehold |
| Floor Area: 441 sq meters or 4,746 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 February 2017 the House Price Index for STAFFORDSHIRE was 114.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 29.486%.Applying this 29.486% change to the original purchase price of £1,450,000 results in an estimated price of approximately £1,877,547.
| 20 Feb 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.0 | 29.486 % | £1,450,000 | £427,547 | £1,877,547 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 44.232 % | £641,367 | £2,091,367 |
| 3 Month Average | 24.773 % | £359,209 | £1,809,209 |
| 6 Month Average | 20.950 % | £303,772 | £1,753,772 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £663,518 | £655,000 | 107 SPRINGHILL LANE |
| 21 Aug 2023 | £1,333,107 | £1,325,000 | 125 SPRINGHILL LANE |
| 21 Aug 2023 | £450,238 | £447,500 | 10 SPRINGHILL PARK |
| 21 Aug 2023 | £578,518 | £575,000 | 123 SPRINGHILL LANE |
| 23 Sep 2022 | £750,868 | £760,000 | 65 SPRINGHILL LANE |
This house has a floor area of 441 sq meters or 4,746 sq feet when measured on 7 Aug 2013. Using an estimated price of £1,877,548 means this house is valued at £4,257 per sq meter (£395 per sq foot).
The average size of a house on SPRINGHILL LANE is 178 sq meters (1,916 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Springhill Lane |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Springhill Park |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Springhill Park |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Larkswood Drive |
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Springhill Avenue |