£99,397
This estimated value is based upon the latest sale price for the house of £58,000 on 28 Oct 2010. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £58,000 | 28 Oct 2010 |
| £32,000 | 1 Jun 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 2010 the House Price Index for WEST MIDLANDS was 87.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.374%.Applying this 71.374% change to the original purchase price of £58,000 results in an estimated price of approximately £99,397.
| 28 Oct 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.4 | 149.7 | 71.374 % | £58,000 | £41,397 | £99,397 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | -24.432 % | £-14,170 | £43,829 |
| 3 Month Average | 43.104 % | £25,000 | £83,000 |
| 6 Month Average | 44.320 % | £25,705 | £83,705 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £286,507 | £280,000 | 479 WOOD END ROAD |
| 25 Aug 2023 | £173,122 | £170,000 | 8 WHEELER ROAD |
| 16 Aug 2023 | £183,306 | £180,000 | 122 BEALEYS AVENUE |
| 27 Jun 2022 | £168,604 | £165,000 | 153 BLACKWOOD AVENUE |
| 25 May 2022 | £150,932 | £147,000 | 43 MEREDITH ROAD |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 19 Oct 2021. Using an estimated price of £99,397 means this house is valued at £1,987 per sq meter (£184 per sq foot).
The average size of a house on WHEELER ROAD is 65 sq meters (708 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Guest Avenue |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Guest Avenue |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Guest Avenue |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Guest Avenue |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Guest Avenue |