£351,859
This estimated value is based upon the latest sale price for the house of £275,000 on 18 Aug 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £275,000 | 18 Aug 2017 |
| Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 August 2017 the House Price Index for WEST MIDLANDS was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £275,000 results in an estimated price of approximately £351,859.
| 18 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £275,000 | £76,859 | £351,859 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 22.828 % | £62,776 | £337,776 |
| 3 Month Average | 24.050 % | £66,138 | £341,138 |
| 6 Month Average | 28.073 % | £77,201 | £352,201 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 May 2022 | £179,681 | £175,000 | 5 FARM CLOSE |
| 30 Mar 2022 | £187,908 | £180,000 | 23 FARM CLOSE |
| 29 Mar 2022 | £297,521 | £285,000 | 22 WATERY LANE |
| 28 Jan 2022 | £288,374 | £272,000 | 8 WATERY LANE |
| 14 Jan 2022 | £267,170 | £252,000 | 22 PENNY PARK LANE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 2 Mar 2017. Using an estimated price of £351,860 means this house is valued at £3,449 per sq meter (£320 per sq foot).
The average size of a house on PENNY PARK LANE is 104 sq meters (1,120 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Edward Road |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Edward Road |
| Jun 2024 | Drugs | Unable to prosecute suspect | On or near Edward Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edward Road |
| May 2024 | Other crime | Unable to prosecute suspect | On or near Edward Road |