£281,050
This estimated value is based upon the latest sale price for the house of £268,000 on 4 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £268,000 | 4 Feb 2022 |
| £170,000 | 11 Feb 2010 |
| £104,950 | 6 Sep 2002 |
| £42,500 | 28 Jan 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 February 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £268,000 results in an estimated price of approximately £281,050.
| 4 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £268,000 | £13,050 | £281,050 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | -7.103 % | £-19,035 | £248,964 |
| 3 Month Average | -2.948 % | £-7,900 | £260,099 |
| 6 Month Average | 8.155 % | £21,855 | £289,855 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £237,031 | £234,000 | 104 NEWBOLDS ROAD |
| 25 Aug 2023 | £211,853 | £210,000 | 554 CANNOCK ROAD |
| 28 Jul 2023 | £193,606 | £191,000 | 111 CADMAN CRESCENT |
| 5 Jun 2023 | £242,943 | £240,000 | 147 NEWBOLDS ROAD |
| 14 Jul 2022 | £270,729 | £270,000 | 149 NEWBOLDS ROAD |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 29 Jun 2021. Using an estimated price of £281,050 means this house is valued at £2,342 per sq meter (£217 per sq foot).
The average size of a house on NEWBOLDS ROAD is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Newbolds Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cadman Crescent |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cadman Crescent |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Cadman Crescent |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cadman Crescent |