£172,793
This estimated value is based upon the latest sale price for the house of £115,000 on 5 Dec 2014. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £115,000 | 5 Dec 2014 |
| £70,000 | 5 Sep 2003 |
| £33,000 | 11 Jun 1999 |
| Terraced |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 December 2014 the House Price Index for STAFFORDSHIRE was 99.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £115,000 results in an estimated price of approximately £172,793.
| 5 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 149.7 | 50.255 % | £115,000 | £57,793 | £172,793 |
The Postcode Pricing Model uses changes in average sales price within the WS15 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 | 27.038 % | £31,093 | £146,093 |
| 3 Month Average | 33.254 % | £38,242 | £153,242 |
| 6 Month Average | 42.477 % | £48,848 | £163,848 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £228,511 | £225,000 | 8 FERNCOMBE DRIVE |
| 17 Nov 2023 | £189,818 | £185,000 | 26 FERNCOMBE DRIVE |
| 10 Nov 2023 | £235,990 | £230,000 | 7 BRACKEN WAY |
| 30 Aug 2023 | £241,455 | £237,100 | 3 GORSEBURN WAY |
| 17 Aug 2023 | £224,041 | £220,000 | 9 LANEHEAD WALK |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 1 Aug 2014. Using an estimated price of £172,794 means this house is valued at £2,879 per sq meter (£267 per sq foot).
The average size of a house on GORSEBURN WAY is 81 sq meters (879 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferncombe Drive |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Highland Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Highland Way |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Hurstbourne Close |