£145,132
This estimated value is based upon the latest sale price for the house of £71,000 on 29 Apr 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £71,000 | 29 Apr 2004 |
| £46,000 | 18 Feb 2002 |
| £40,000 | 4 Oct 1999 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 April 2004 the House Price Index for WEST MIDLANDS was 72.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 104.412%.Applying this 104.412% change to the original purchase price of £71,000 results in an estimated price of approximately £145,132.
| 29 Apr 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 148.6 | 104.412 % | £71,000 | £74,132 | £145,132 |
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 | 133.002 % | £94,431 | £165,431 |
| 3 Month Average | 87.347 % | £62,016 | £133,016 |
| 6 Month Average | 105.385 % | £74,823 | £145,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £141,813 | £140,000 | 3 BOW STREET |
| 16 Aug 2023 | £169,483 | £168,000 | 9 BOW STREET |
| 9 Jun 2023 | £120,459 | £119,000 | 25 LEWIS STREET |
| 9 Feb 2023 | £109,926 | £110,000 | 35 LEWIS STREET |
| 30 Jan 2023 | £166,715 | £167,500 | 3 MILL CROFT |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 21 May 2020. Using an estimated price of £145,133 means this house is valued at £2,546 per sq meter (£236 per sq foot).
The average size of a house on MILL CROFT is 62 sq meters (670 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mill Croft |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Croft |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Lewis Street |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lewis Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lewis Street |