£310,996
This estimated value is based upon the latest sale price for the house of £247,500 on 11 May 2018. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £247,500 | 11 May 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2018 the House Price Index for STAFFORDSHIRE was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £247,500 results in an estimated price of approximately £310,996.
| 11 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £247,500 | £63,496 | £310,996 |
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 | -16.276 % | £-40,283 | £207,216 |
| 3 Month Average | 20.002 % | £49,504 | £297,004 |
| 6 Month Average | 45.717 % | £113,150 | £360,650 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2024 | £410,000 | £410,000 | 1 PENSTONE LANE |
| 22 Apr 2024 | £322,803 | £320,000 | 3 MARKET LANE |
| 18 Dec 2023 | £903,771 | £876,000 | 91 ORTON LANE |
| 23 Nov 2023 | £338,595 | £330,000 | IVYDENE RADFORD LANE |
| 20 Oct 2023 | £322,321 | £315,000 | 8 MARKET LANE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 16 Jun 2012. Using an estimated price of £310,997 means this house is valued at £3,702 per sq meter (£343 per sq foot).
The average size of a house on MARKET LANE is 103 sq meters (1,115 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Market Lane |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Market Lane |
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Drive Fields |
| Oct 2024 | Vehicle crime | Under investigation | On or near Radford Lane |
| Sep 2024 | Public order | Under investigation | On or near Sports/Recreation Area |