£143,834
This estimated value is based upon the latest sale price for the house of £84,500 on 20 Jul 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £84,500 | 20 Jul 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 56 sq meters or 609 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 July 2012 the House Price Index for WEST MIDLANDS was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.218%.Applying this 70.218% change to the original purchase price of £84,500 results in an estimated price of approximately £143,834.
| 20 Jul 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.218 % | £84,500 | £59,334 | £143,834 |
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 | 104.304 % | £88,136 | £172,636 |
| 3 Month Average | 84.428 % | £71,341 | £155,841 |
| 6 Month Average | 91.829 % | £77,595 | £162,095 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £182,456 | £180,000 | 7 MANOR CLOSE |
| 30 Jun 2023 | £116,410 | £115,000 | 10 WELLINGTON TERRACE |
| 14 Sep 2022 | £247,997 | £250,000 | 1 BELINDA CLOSE |
| 24 Jun 2022 | £153,165 | £151,000 | 22 WELLINGTON TERRACE |
| 27 Apr 2022 | £144,172 | £140,000 | 2 BELINDA CLOSE |
This house has a floor area of 56 sq meters or 609 sq feet when measured on 14 Oct 2011. Using an estimated price of £143,834 means this house is valued at £2,540 per sq meter (£236 per sq foot).
The average size of a house on PARK ROAD is 88 sq meters (950 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Road |
| Apr 2024 | Anti-social behaviour | On or near Bloom Close | |
| Mar 2024 | Robbery | Unable to prosecute suspect | On or near Bloom Close |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Thompson Street |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Thompson Street |