£224,640
This estimated value is based upon the latest sale price for the house of £130,000 on 26 Jul 2011. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £130,000 | 26 Jul 2011 |
| £72,500 | 27 May 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 869 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 July 2011 the House Price Index for WEST MIDLANDS was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £130,000 results in an estimated price of approximately £224,640.
| 26 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £130,000 | £94,640 | £224,640 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 118.932 % | £154,611 | £284,611 |
| 3 Month Average | 87.247 % | £113,421 | £243,421 |
| 6 Month Average | 77.568 % | £100,838 | £230,838 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £239,185 | £235,000 | 79 NOOSE LANE |
| 10 Nov 2023 | £232,441 | £229,000 | 98B NOOSE LANE |
| 11 Sep 2023 | £944,277 | £932,203 | 161 ASTON ROAD |
| 25 Aug 2023 | £479,192 | £475,000 | 6 BEECH ROAD |
| 16 Jun 2023 | £214,599 | £212,000 | 25 OAK ROAD |
This house has a floor area of 80 sq meters or 869 sq feet when measured on 10 Mar 2011. Using an estimated price of £224,641 means this house is valued at £2,782 per sq meter (£258 per sq foot).
The average size of a house on OAK ROAD is 94 sq meters (1,014 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Oak Road |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Beech Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beech Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tarn Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Parkside Avenue |