£195,593
This estimated value is based upon the latest sale price for the house of £114,000 on 10 Aug 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £114,000 | 10 Aug 2012 |
| £80,000 | 19 May 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 916 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 August 2012 the House Price Index for WEST MIDLANDS was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £114,000 results in an estimated price of approximately £195,593.
| 10 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.573 % | £114,000 | £81,593 | £195,593 |
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 | 69.195 % | £78,882 | £192,882 |
| 3 Month Average | 66.081 % | £75,332 | £189,332 |
| 6 Month Average | 66.397 % | £75,692 | £189,692 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2023 | £173,900 | £169,950 | 108 PARK ROAD |
| 6 Oct 2023 | £225,113 | £220,000 | 8 HILLCREST |
| 20 Apr 2023 | £185,469 | £182,000 | 19 ELLOWES ROAD |
| 3 Mar 2023 | £228,821 | £225,000 | 3 PARK ROAD |
| 15 Feb 2023 | £177,184 | £176,000 | 15 ELLOWES ROAD |
This house has a floor area of 85 sq meters or 916 sq feet when measured on 20 Dec 2011. Using an estimated price of £195,593 means this house is valued at £2,297 per sq meter (£213 per sq foot).
The average size of a house on THE CLOSE is 98 sq meters (1,061 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Close |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hill Crest |