£296,058
This estimated value is based upon the latest sale price for the house of £240,000 on 13 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 13 Dec 2018 |
| £185,000 | 7 Aug 2009 |
| £165,000 | 20 Mar 2008 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £240,000 results in an estimated price of approximately £296,058.
| 13 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £240,000 | £56,058 | £296,058 |
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 | 5.113 % | £12,270 | £252,270 |
| 3 Month Average | 39.638 % | £95,130 | £335,130 |
| 6 Month Average | 27.900 % | £66,960 | £306,960 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £324,809 | £320,000 | 3 MUSK LANE |
| 10 Mar 2023 | £105,999 | £105,000 | 9 PROSPECT ROAD |
| 3 Mar 2023 | £328,091 | £325,000 | 16 KETTLES BANK ROAD |
| 3 Feb 2023 | £199,866 | £200,000 | 28 SUMMIT PLACE |
| 27 Oct 2022 | £390,792 | £395,000 | 14 HOPYARD LANE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 3 Aug 2018. Using an estimated price of £296,059 means this house is valued at £4,111 per sq meter (£382 per sq foot).
The average size of a house on SUMMIT PLACE is 81 sq meters (872 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Kettlesbank Road | |
| Mar 2024 | Anti-social behaviour | On or near Kettlesbank Road | |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Louise Street |
| 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 |