£126,248
This estimated value is based upon the latest sale price for the house of £110,000 on 11 Dec 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £110,000 | 11 Dec 2020 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2020 the House Price Index for WEST MIDLANDS was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £110,000 results in an estimated price of approximately £126,248.
| 11 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £110,000 | £16,248 | £126,248 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | -24.511 % | £-26,961 | £83,038 |
| 3 Month Average | -2.140 % | £-2,353 | £107,646 |
| 6 Month Average | 15.272 % | £16,798 | £126,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £564,884 | £555,000 | UNIT 3 CULLWICK STREET |
| 7 Dec 2023 | £264,630 | £260,000 | UNIT 36 MONMORE ROAD |
| 17 Nov 2023 | £55,827 | £55,000 | UNIT 28 STOWHEATH INDUSTRIAL ESTATE MONMORE ROAD |
| 18 Sep 2023 | £227,914 | £225,000 | 45 HOLLOWAY STREET |
| 15 Aug 2023 | £110,971 | £110,000 | 42 HOLLOWAY STREET |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 10 Nov 2020. Using an estimated price of £126,248 means this house is valued at £1,661 per sq meter (£154 per sq foot).
The average size of a house on CULLWICK STREET is 93 sq meters (1,007 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Holloway Street |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Hargreaves Street |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Hargreaves Street |
| Jan 2024 | Anti-social behaviour | On or near Hargreaves Street | |
| Jan 2024 | Anti-social behaviour | On or near Hargreaves Street |