£182,294
This estimated value is based upon the latest sale price for the house of £138,000 on 20 Dec 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £138,000 | 20 Dec 2016 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 December 2016 the House Price Index for WEST MIDLANDS was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £138,000 results in an estimated price of approximately £182,294.
| 20 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £138,000 | £44,294 | £182,294 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 15.530 % | £21,431 | £159,431 |
| 3 Month Average | 55.926 % | £77,177 | £215,177 |
| 6 Month Average | 31.839 % | £43,937 | £181,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2023 | £61,019 | £60,000 | FLAT 86 THE PINNACLE, 50 GOMER STREET |
| 20 Jul 2022 | £65,658 | £65,000 | FLAT 42 THE PINNACLE, 50 GOMER STREET |
| 9 Mar 2022 | £57,416 | £55,000 | FLAT 4 THE PINNACLE, 50 GOMER STREET |
| 22 Feb 2022 | £89,799 | £85,000 | 31 NEWLANDS CLOSE |
| 11 Oct 2021 | £192,838 | £173,000 | 3 NEWLANDS CLOSE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 10 Aug 2016. Using an estimated price of £182,294 means this house is valued at £2,680 per sq meter (£249 per sq foot).
The average size of a house on NEWLANDS CLOSE is 58 sq meters (625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newlands Close |
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Newlands Close |
| Jun 2024 | Shoplifting | Awaiting court outcome | On or near Newlands Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Newlands Close |
| Jun 2024 | Shoplifting | Under investigation | On or near Newlands Close |