£98,489
This estimated value is based upon the latest sale price for the house of £70,000 on 9 Oct 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Edinburgh Road
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| Price Paid | Date |
|---|---|
| £70,000 | 9 Oct 2015 |
| Semi-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 October 2015 the House Price Index for WEST MIDLANDS was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £70,000 results in an estimated price of approximately £98,489.
| 9 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £70,000 | £28,489 | £98,489 |
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 | 80.153 % | £56,107 | £126,107 |
| 3 Month Average | 59.681 % | £41,776 | £111,776 |
| 6 Month Average | 59.334 % | £41,533 | £111,533 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £177,267 | £175,000 | 7 EDINBURGH ROAD |
| 14 Sep 2023 | £192,461 | £190,000 | 104 BRADLEY LANE |
| 31 Jul 2023 | £192,592 | £190,000 | 47 LEES TERRACE |
| 22 Jun 2023 | £167,023 | £165,000 | 5 EDINBURGH ROAD |
| 24 Mar 2023 | £200,893 | £199,000 | 4 RALEIGH ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 20 Apr 2015. Using an estimated price of £98,489 means this house is valued at £1,367 per sq meter (£127 per sq foot).
The average size of a house on EDINBURGH ROAD is 79 sq meters (850 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Edinburgh Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edinburgh Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Edinburgh Road |
| Feb 2024 | Anti-social behaviour | On or near Edinburgh Road | |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Edinburgh Road |