£263,999
This estimated value is based upon the latest sale price for the house of £210,000 on 11 Dec 2017. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £210,000 | 11 Dec 2017 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 2017 the House Price Index for STAFFORDSHIRE was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £210,000 results in an estimated price of approximately £263,999.
| 11 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £210,000 | £53,999 | £263,999 |
The Postcode Pricing Model uses changes in average sales price within the B79 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 | -43.935 % | £-92,263 | £117,736 |
| 3 Month Average | 11.091 % | £23,291 | £233,291 |
| 6 Month Average | 10.318 % | £21,667 | £231,667 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £285,223 | £281,000 | 1 NORMAN CLOSE |
| 25 Jul 2023 | £278,752 | £275,000 | 4 MERCIA CLOSE |
| 1 Aug 2022 | £304,181 | £305,000 | 18 WILLOUGHBY ROAD |
| 11 Feb 2022 | £274,758 | £262,000 | 22 SCIMITAR CLOSE |
| 10 Dec 2021 | £11,785,149 | £11,000,000 | UNIT 2 ALPHA PARK LICHFIELD ROAD INDUSTRIAL ESTATE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 9 Oct 2008. Using an estimated price of £264,000 means this house is valued at £2,218 per sq meter (£206 per sq foot).
The average size of a house on MERCIA CLOSE is 117 sq meters (1,259 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Under investigation | On or near Mercia Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Mercia Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kepler |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Kepler |
| Mar 2024 | Burglary | Under investigation | On or near Fir Tree Close |