£294,515
This estimated value is based upon the latest sale price for the house of £238,500 on 25 Sep 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£238,500 | 25 Sep 2018 |
£207,500 | 19 Jul 2007 |
Semi-Detached |
Freehold |
Floor Area: 104 sq meters or 1,119 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 September 2018 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £238,500 results in an estimated price of approximately £294,515.
25 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.487 % | £238,500 | £56,015 | £294,515 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -18.773 % | £-44,773 | £193,726 |
3 Month Average | 12.780 % | £30,480 | £268,980 |
6 Month Average | 31.173 % | £74,348 | £312,848 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £218,231 | £215,000 | 10 WILLETT ROAD |
22 Nov 2023 | £322,779 | £318,000 | 45 THURSFIELD ROAD |
15 Sep 2023 | £253,238 | £250,000 | 66 THURSFIELD ROAD |
29 Aug 2023 | £297,604 | £295,000 | 26 PENNYHILL LANE |
23 Jun 2023 | £364,414 | £360,000 | 18 HAYPITS CLOSE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 6 Jan 2018. Using an estimated price of £294,515 means this house is valued at £2,831 per sq meter (£263 per sq foot).
The average size of a house on PENNYHILL LANE is 111 sq meters (1,203 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Hopkins Drive |
Jan 2024 | Possession of weapons | Unable to prosecute suspect | On or near Hollyhedge Road |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Hollyhedge Road |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Willett Road |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Willett Road |