£240,316
This estimated value is based upon the latest sale price for the house of £188,500 on 21 Jul 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Wheeler Road
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| Price Paid | Date |
|---|---|
| £188,500 | 21 Jul 2017 |
| £154,000 | 19 Aug 2005 |
| £127,950 | 16 May 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2017 the House Price Index for WEST MIDLANDS was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £188,500 results in an estimated price of approximately £240,316.
| 21 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £188,500 | £51,816 | £240,316 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 49.251 % | £92,838 | £281,338 |
| 3 Month Average | 33.884 % | £63,871 | £252,371 |
| 6 Month Average | 50.924 % | £95,992 | £284,492 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £171,500 | £170,000 | 8 WHEELER ROAD |
| 16 Aug 2023 | £181,589 | £180,000 | 122 BEALEYS AVENUE |
| 3 Mar 2023 | £190,798 | £189,000 | 137 BLACKHALVE LANE |
| 24 Feb 2023 | £228,846 | £229,000 | 139 BLACKHALVE LANE |
| 27 Jan 2023 | £253,804 | £255,000 | 136 BLACKHALVE LANE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 4 Nov 2013. Using an estimated price of £240,317 means this house is valued at £2,700 per sq meter (£250 per sq foot).
The average size of a house on BLACKHALVE LANE is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wheeler Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeler Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Wheeler Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sundour Crescent |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sundour Crescent |