£469,066
This estimated value is based upon the latest sale price for the house of £307,000 on 10 Jul 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £307,000 | 10 Jul 2014 |
| Detached |
| Freehold |
| Floor Area: 174 sq meters or 1,872 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 2014 the House Price Index for WEST MIDLANDS was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £307,000 results in an estimated price of approximately £469,066.
| 10 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £307,000 | £162,066 | £469,066 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | -49.511 % | £-151,998 | £155,001 |
| 3 Month Average | 34.975 % | £107,372 | £414,372 |
| 6 Month Average | 22.377 % | £68,697 | £375,697 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £65,842 | £65,000 | 1 BROMFORD RISE |
| 24 Jul 2023 | £202,729 | £200,000 | 18 LONSDALE ROAD |
| 14 Jul 2022 | £115,310 | £115,000 | 151A PENN ROAD |
| 10 Jun 2022 | £127,806 | £126,000 | 155A PENN ROAD |
| 28 Jan 2022 | £107,872 | £102,500 | 7 PENNANT COURT |
This house has a floor area of 174 sq meters or 1,872 sq feet when measured on 11 Mar 2014. Using an estimated price of £469,067 means this house is valued at £2,695 per sq meter (£250 per sq foot).
The average size of a house on PENN ROAD is 110 sq meters (1,192 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Lonsdale Road |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Lonsdale Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lonsdale Road |
| Feb 2024 | Anti-social behaviour | On or near Lonsdale Road | |
| Feb 2024 | Anti-social behaviour | On or near Lonsdale Road |