£519,983
This estimated value is based upon the latest sale price for the house of £425,000 on 14 Feb 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Greenland Avenue
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| Price Paid | Date |
|---|---|
| £425,000 | 14 Feb 2020 |
| £199,500 | 29 Jun 2001 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,313 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in February 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £425,000 results in an estimated price of approximately £519,983.
| 14 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £425,000 | £94,983 | £519,983 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | 4.658 % | £19,795 | £444,795 |
| 3 Month Average | -2.507 % | £-10,654 | £414,345 |
| 6 Month Average | 8.961 % | £38,084 | £463,084 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £469,104 | £465,000 | 21 PARKHILL DRIVE |
| 21 Jul 2023 | £354,775 | £350,000 | 9 NEW ASH DRIVE |
| 8 Aug 2022 | £518,604 | £520,000 | 2 CHERRYWOOD GROVE |
| 20 Jun 2022 | £521,622 | £514,250 | 10 CHERRYWOOD GROVE |
| 1 Jun 2022 | £426,021 | £420,000 | 26 CHERRYWOOD GROVE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 1 Oct 2019. Using an estimated price of £519,983 means this house is valued at £4,262 per sq meter (£395 per sq foot).
There is one other house on the street which we know the size of, this is 2 NEW ASH DRIVE it is 118.01
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Greenland Avenue |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Greenland Avenue |
| Jan 2024 | Burglary | Under investigation | On or near Greenland Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Juniper Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Beaumaris Close |