£277,954
This estimated value is based upon the latest sale price for the house of £225,000 on 4 Jan 2019. This value is then adjusted by the current Official House Price Index for WREKIN 1
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| Price Paid | Date |
|---|---|
| £225,000 | 4 Jan 2019 |
| £199,000 | 3 Jun 2015 |
| £162,000 | 18 Jul 2003 |
| £68,000 | 23 May 1997 |
| Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 sq feet |
This model uses changes in the Official Land Registry House Price Index for WREKIN to estimate the market value.
When this house was purchased in January 2019 the House Price Index for WREKIN was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £225,000 results in an estimated price of approximately £277,954.
| 4 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £225,000 | £52,954 | £277,954 |
The Postcode Pricing Model uses changes in average sales price within the TF1 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 | -26.812 % | £-60,326 | £164,673 |
| 3 Month Average | 9.901 % | £22,276 | £247,276 |
| 6 Month Average | 16.335 % | £36,753 | £261,753 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £304,508 | £300,000 | 14 LOWER PARK DRIVE |
| 21 Jul 2023 | £283,820 | £280,000 | 8 LOWER PARK DRIVE |
| 5 Aug 2022 | £299,195 | £300,000 | 1 MARSH MEADOW CLOSE |
| 25 May 2022 | £320,030 | £314,000 | 11 LOWER PARK DRIVE |
| 26 Feb 2021 | £323,537 | £285,000 | 7 MOAT CLOSE |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 2 Dec 2014. Using an estimated price of £277,955 means this house is valued at £2,375 per sq meter (£220 per sq foot).
The average size of a house on LOWER PARK DRIVE is 128 sq meters (1,387 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Marsh Meadow Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Moat Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near New River Close |
| Jan 2024 | Other crime | Under investigation | On or near New River Close |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Quail Gate |