£219,805
This estimated value is based upon the latest sale price for the house of £125,000 on 25 May 2006. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Park Road
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| Price Paid | Date |
|---|---|
| £125,000 | 25 May 2006 |
| £51,700 | 21 Sep 2001 |
| Semi-Detached |
| Leasehold |
| 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 May 2006 the House Price Index for WEST MIDLANDS was 85.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 75.844%.Applying this 75.844% change to the original purchase price of £125,000 results in an estimated price of approximately £219,805.
| 25 May 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 149.7 | 75.844 % | £125,000 | £94,805 | £219,805 |
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 | 19.655 % | £24,568 | £149,568 |
| 3 Month Average | 48.618 % | £60,772 | £185,772 |
| 6 Month Average | 57.146 % | £71,433 | £196,433 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £232,015 | £230,000 | 3 BELINDA CLOSE |
| 4 Apr 2024 | £149,296 | £148,000 | 121 WEBSTER ROAD |
| 14 Apr 2023 | £456,030 | £447,500 | 2 THOMPSON CLOSE |
| 14 Sep 2022 | £249,833 | £250,000 | 1 BELINDA CLOSE |
| 18 May 2022 | £233,072 | £227,000 | 27 THOMPSON CLOSE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 22 Oct 2013. Using an estimated price of £219,805 means this house is valued at £2,648 per sq meter (£246 per sq foot).
The average size of a house on PARK ROAD is 88 sq meters (950 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 |
|---|---|---|---|
| Jun 2024 | Other crime | Unable to prosecute suspect | On or near Park Road |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Park Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bloom Close |
| Apr 2024 | Anti-social behaviour | On or near Bloom Close |