£265,897
This estimated value is based upon the latest sale price for the house of £225,000 on 9 Oct 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 9 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 October 2020 the House Price Index for WEST MIDLANDS was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £225,000 results in an estimated price of approximately £265,897.
| 9 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £225,000 | £40,897 | £265,897 |
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 | 60.694 % | £136,562 | £361,562 |
| 3 Month Average | 22.995 % | £51,739 | £276,739 |
| 6 Month Average | 25.375 % | £57,092 | £282,092 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jun 2023 | £171,436 | £168,000 | 4 LANGLEY AVENUE |
| 2 Aug 2022 | £185,869 | £185,000 | 7 LANGLEY AVENUE |
| 26 Jul 2022 | £181,822 | £180,000 | 15 BANK STREET |
| 30 Nov 2021 | £209,188 | £192,000 | 11 BANK STREET |
| 30 Jun 2021 | £354,794 | £328,250 | 9 NICHOLDS CLOSE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 8 Jul 2020. Using an estimated price of £265,898 means this house is valued at £3,242 per sq meter (£301 per sq foot).
The average size of a house on IVYHOUSE LANE is 100 sq meters (1,077 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cherrywood Close |
| Jul 2024 | Burglary | Under investigation | On or near Nicholds Close |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Nicholds Close |
| Jul 2024 | Other theft | On or near Coseley (Station) | |
| Jun 2024 | Vehicle crime | On or near Coseley (Station) |