£318,612
This estimated value is based upon the latest sale price for the house of £255,000 on 23 Feb 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £255,000 | 23 Feb 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2018 the House Price Index for WEST MIDLANDS was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £255,000 results in an estimated price of approximately £318,612.
| 23 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £255,000 | £63,612 | £318,612 |
The Postcode Pricing Model uses changes in average sales price within the B16 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 | 227.306 % | £579,630 | £834,630 |
| 3 Month Average | 43.771 % | £111,614 | £366,614 |
| 6 Month Average | 59.920 % | £152,796 | £407,796 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £407,123 | £400,000 | 11 SHETLAND CLOSE |
| 24 Feb 2023 | £182,377 | £182,500 | 10 CLARK STREET |
| 17 Feb 2023 | £259,825 | £260,000 | 15 PINTO CLOSE |
| 2 Sep 2022 | £262,877 | £265,000 | 12 CLARK STREET |
| 29 Apr 2022 | £164,768 | £160,000 | 15 SHIRE CLOSE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 23 Oct 2021. Using an estimated price of £318,612 means this house is valued at £2,819 per sq meter (£261 per sq foot).
The average size of a house on SHETLAND CLOSE is 104 sq meters (1,127 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shetland Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shetland Close |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Shetland Close |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Shetland Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Oliver Road |