£332,884
This estimated value is based upon the latest sale price for the house of £180,000 on 27 May 2005. This value is then adjusted by the current Official House Price Index for STAFFORDSHIRE 1
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| Price Paid | Date |
|---|---|
| £180,000 | 27 May 2005 |
| £78,500 | 30 Jul 1996 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2005 the House Price Index for STAFFORDSHIRE was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.936%.Applying this 84.936% change to the original purchase price of £180,000 results in an estimated price of approximately £332,884.
| 27 May 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 148.6 | 84.936 % | £180,000 | £152,884 | £332,884 |
The Postcode Pricing Model uses changes in average sales price within the WS7 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 | 19.968 % | £35,942 | £215,942 |
| 3 Month Average | 45.243 % | £81,437 | £261,437 |
| 6 Month Average | 53.431 % | £96,175 | £276,175 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £294,358 | £290,000 | 57 LICHFIELD ROAD |
| 20 Nov 2023 | £184,735 | £182,000 | 89 LICHFIELD ROAD |
| 22 Sep 2023 | £199,551 | £197,000 | 39 MEASE AVENUE |
| 1 Sep 2023 | £187,396 | £185,000 | 65 NAILERS DRIVE |
| 1 Sep 2023 | £349,468 | £345,000 | 3 MANIFOLD CLOSE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 10 Mar 2015. Using an estimated price of £332,885 means this house is valued at £4,267 per sq meter (£396 per sq foot).
The average size of a house on TEAN CLOSE is 101 sq meters (1,093 sq feet).