£226,405
This estimated value is based upon the latest sale price for the house of £197,000 on 16 Jul 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £197,000 | 16 Jul 2021 |
| £145,000 | 5 Jun 2015 |
| £84,950 | 31 Mar 2000 |
| Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2021 the House Price Index for WEST MIDLANDS was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £197,000 results in an estimated price of approximately £226,405.
| 16 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.6 | 14.927 % | £197,000 | £29,405 | £226,405 |
The Postcode Pricing Model uses changes in average sales price within the DY3 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 | 41.756 % | £82,260 | £279,260 |
| 3 Month Average | 11.845 % | £23,335 | £220,335 |
| 6 Month Average | 4.522 % | £8,907 | £205,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £324,809 | £320,000 | 3 MUSK LANE |
| 18 Aug 2023 | £216,897 | £215,000 | 3 ORCHARD GROVE |
| 21 Apr 2023 | £234,525 | £232,000 | 7 HOPYARD CLOSE |
| 3 Mar 2023 | £328,091 | £325,000 | 16 KETTLES BANK ROAD |
| 3 Feb 2023 | £199,866 | £200,000 | 28 SUMMIT PLACE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 23 Feb 2015. Using an estimated price of £226,405 means this house is valued at £2,795 per sq meter (£259 per sq foot).
The average size of a house on STRAITS ROAD is 94 sq meters (1,014 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Orchard Grove |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Orchard Grove |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Askew Bridge Road |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Askew Bridge Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Musk Lane |