£241,154
This estimated value is based upon the latest sale price for the house of £236,000 on 22 Jun 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £236,000 | 22 Jun 2022 |
| £150,000 | 10 Apr 2015 |
| £184,950 | 3 Nov 2006 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 June 2022 the House Price Index for WEST MIDLANDS was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £236,000 results in an estimated price of approximately £241,154.
| 22 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £236,000 | £5,154 | £241,154 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 11.492 % | £27,122 | £263,122 |
| 3 Month Average | 4.945 % | £11,670 | £247,670 |
| 6 Month Average | 13.342 % | £31,486 | £267,486 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £139,000 | £139,000 | 151 STROUD AVENUE |
| 18 Dec 2023 | £211,499 | £205,000 | 6 HAZELWOOD GROVE |
| 5 Dec 2023 | £206,340 | £200,000 | 159 STROUD AVENUE |
| 26 Jun 2023 | £183,681 | £180,000 | 197 STROUD AVENUE |
| 6 Jan 2023 | £185,496 | £185,000 | 183 STROUD AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 2 May 2014. Using an estimated price of £241,155 means this house is valued at £3,131 per sq meter (£290 per sq foot).
The average size of a house on SPINDLE TREE RISE is 83 sq meters (901 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Spindle Tree Rise |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Spindle Tree Rise |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Spindle Tree Rise |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Spindle Tree Rise |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spindle Tree Rise |