£309,011
This estimated value is based upon the latest sale price for the house of £250,000 on 27 Sep 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £250,000 | 27 Sep 2019 |
| £215,000 | 17 Nov 2017 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 September 2019 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £250,000 results in an estimated price of approximately £309,011.
| 27 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £250,000 | £59,011 | £309,011 |
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 | 62.507 % | £156,266 | £406,266 |
| 3 Month Average | 29.972 % | £74,930 | £324,930 |
| 6 Month Average | 33.997 % | £84,992 | £334,992 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £252,190 | £250,000 | 5 SPRINGFIELD ROAD |
| 24 Nov 2023 | £194,949 | £190,000 | 108 BUNKERS HILL LANE |
| 24 Oct 2023 | £281,391 | £275,000 | 98 BUNKERS HILL LANE |
| 2 Oct 2023 | £291,623 | £285,000 | 14 LANSDOWNE ROAD |
| 25 Aug 2023 | £281,069 | £276,000 | 19 RUTLAND CRESCENT |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 15 Aug 2017. Using an estimated price of £309,012 means this house is valued at £2,759 per sq meter (£256 per sq foot).
The average size of a house on CENTRAL AVENUE is 102 sq meters (1,104 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Central Avenue |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springfield Road |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Springfield Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Bunkers Hill Lane |
| May 2024 | Criminal damage and arson | Under investigation | On or near Bunkers Hill Lane |