£191,420
This estimated value is based upon the latest sale price for the house of £173,000 on 11 Oct 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £173,000 | 11 Oct 2021 |
| £73,000 | 9 Apr 2002 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 2021 the House Price Index for WEST MIDLANDS was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £173,000 results in an estimated price of approximately £191,420.
| 11 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £173,000 | £18,420 | £191,420 |
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 | 44.685 % | £77,304 | £250,304 |
| 3 Month Average | 4.889 % | £8,458 | £181,458 |
| 6 Month Average | -0.490 % | £-847 | £172,152 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2022 | £1,600,612 | £1,620,000 | 34 WOLVERHAMPTON STREET |
| 20 Jul 2022 | £65,175 | £65,000 | FLAT 42 THE PINNACLE, 50 GOMER STREET |
| 9 Mar 2022 | £56,994 | £55,000 | FLAT 4 THE PINNACLE, 50 GOMER STREET |
| 22 Feb 2022 | £89,139 | £85,000 | 31 NEWLANDS CLOSE |
| 28 Jan 2022 | £147,337 | £140,000 | 75 NEW ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 20 Mar 2014. Using an estimated price of £191,421 means this house is valued at £2,306 per sq meter (£214 per sq foot).
The average size of a house on NEWLANDS CLOSE is 58 sq meters (625 sq feet).
This house is the largest in the street with a floor area of 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Shoplifting | Awaiting court outcome | On or near Newlands Close |
| Apr 2024 | Public order | Awaiting court outcome | On or near Newlands Close |
| Apr 2024 | Shoplifting | Unable to prosecute suspect | On or near Newlands Close |
| Apr 2024 | Shoplifting | Under investigation | On or near Newlands Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newlands Close |