£162,824
This estimated value is based upon the latest sale price for the house of £96,000 on 22 Jun 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £96,000 | 22 Jun 2012 |
| £79,950 | 24 Apr 2003 |
| £75,000 | 31 Jul 2002 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 602 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 2012 the House Price Index for WEST MIDLANDS was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.609%.Applying this 69.609% change to the original purchase price of £96,000 results in an estimated price of approximately £162,824.
| 22 Jun 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.6 | 69.609 % | £96,000 | £66,824 | £162,824 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 83.985 % | £80,625 | £176,625 |
| 3 Month Average | 58.593 % | £56,249 | £152,249 |
| 6 Month Average | 61.127 % | £58,681 | £154,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Mar 2023 | £156,979 | £155,500 | 2 ROUNDS ROAD |
| 15 Mar 2023 | £216,994 | £214,950 | 44 ROUNDS ROAD |
| 30 Sep 2022 | £228,158 | £230,000 | 21 WHITEGATES ROAD |
| 27 Jun 2022 | £253,584 | £250,000 | 29 WHITEGATES ROAD |
| 27 Jun 2022 | £157,222 | £155,000 | 61 ROUNDS ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 12 Mar 2012. Using an estimated price of £162,825 means this house is valued at £2,907 per sq meter (£270 per sq foot).
The average size of a house on RAINBOW STREET is 76 sq meters (821 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rainbow Street |
| Jan 2024 | Theft from the person | Unable to prosecute suspect | On or near Rainbow Street |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Goldborough Close |
| Feb 2024 | Anti-social behaviour | On or near Goldborough Close | |
| Feb 2024 | Anti-social behaviour | On or near Goldborough Close |