£515,404
This estimated value is based upon the latest sale price for the house of £315,000 on 1 Oct 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £315,000 | 1 Oct 2013 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 2013 the House Price Index for WEST MIDLANDS was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £315,000 results in an estimated price of approximately £515,404.
| 1 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 148.6 | 63.621 % | £315,000 | £200,404 | £515,404 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | -21.880 % | £-68,921 | £246,078 |
| 3 Month Average | 42.933 % | £135,240 | £450,240 |
| 6 Month Average | 39.576 % | £124,663 | £439,663 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £137,029 | £135,000 | FLAT 5 OAK COURT IBSTOCK DRIVE |
| 27 Mar 2023 | £198,874 | £197,000 | 6 SCHOLARS WALK |
| 30 Jun 2022 | £126,792 | £125,000 | FLAT 7 REDHOLME COURT REDHILL |
| 6 May 2022 | £122,305 | £120,000 | 10 SCHOLARS WALK |
| 25 Mar 2022 | £603,623 | £582,500 | 22 REDHILL |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 3 May 2013. Using an estimated price of £515,405 means this house is valued at £4,090 per sq meter (£380 per sq foot).
The average size of a house on REDHILL is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Heathlands |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Margaret Drive |
| Feb 2024 | Robbery | Under investigation | On or near Burnt Oak Drive |