£267,168
This estimated value is based upon the latest sale price for the house of £115,000 on 25 Jul 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £115,000 | 25 Jul 2003 |
| £44,000 | 29 Nov 1996 |
| Semi-Detached |
| Freehold |
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 July 2003 the House Price Index for WEST MIDLANDS was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £115,000 results in an estimated price of approximately £267,168.
| 25 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.6 | 132.320 % | £115,000 | £152,168 | £267,168 |
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 | 79.191 % | £91,069 | £206,069 |
| 3 Month Average | 88.032 % | £101,236 | £216,236 |
| 6 Month Average | 127.754 % | £146,917 | £261,917 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £243,099 | £239,500 | 14 SPONDON ROAD |
| 15 Feb 2023 | £252,830 | £253,000 | 25 SPONDON ROAD |
| 30 Aug 2022 | £284,235 | £285,000 | 8 SUDBURY CLOSE |
| 21 Jul 2022 | £265,214 | £264,500 | 208 SPRINGHILL ROAD |
| 1 Jul 2022 | £220,594 | £220,000 | 24 SPRINGHILL ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springhill Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springhill Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Springhill Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sudbury Close |
| Jan 2024 | Anti-social behaviour | On or near Sudbury Close |