£725,155
This estimated value is based upon the latest sale price for the house of £275,000 on 14 Oct 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £275,000 | 14 Oct 2002 |
| Detached |
| Freehold |
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 2002 the House Price Index for WEST MIDLANDS was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £275,000 results in an estimated price of approximately £725,155.
| 14 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 148.6 | 163.693 % | £275,000 | £450,155 | £725,155 |
The Postcode Pricing Model uses changes in average sales price within the B5 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 | 123.684 % | £340,132 | £615,132 |
| 3 Month Average | 64.482 % | £177,324 | £452,324 |
| 6 Month Average | 51.874 % | £142,653 | £417,653 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £112,010 | £110,050 | FLAT 3 GRIFFIN COURT WEST DRIVE |
| 30 Jun 2023 | £258,127 | £255,000 | 40 EAST DRIVE |
| 2 Jun 2023 | £253,065 | £250,000 | 11 SOUTH DRIVE |
| 8 Feb 2023 | £694,533 | £695,000 | 321 PERSHORE ROAD |
| 31 Jan 2023 | £333,429 | £335,000 | 15 WEST DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near South Drive |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Pavenham Drive |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Pavenham Drive |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Pebble Mill Road |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Pebble Mill Road |