£258,655
This estimated value is based upon the latest sale price for the house of £255,000 on 23 Jun 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £255,000 | 23 Jun 2022 |
| £130,000 | 10 Jan 2014 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 June 2022 the House Price Index for WEST MIDLANDS was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £255,000 results in an estimated price of approximately £258,655.
| 23 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.6 | 1.433 % | £255,000 | £3,655 | £258,655 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | -21.555 % | £-54,964 | £200,035 |
| 3 Month Average | 9.654 % | £24,616 | £279,616 |
| 6 Month Average | 8.522 % | £21,730 | £276,730 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £99,236 | £97,500 | 50 WYVERN CLOSE |
| 1 Dec 2023 | £295,164 | £290,000 | 17 SEVERN CLOSE |
| 17 Nov 2023 | £121,803 | £120,000 | 52 WYVERN CLOSE |
| 23 Jun 2023 | £313,801 | £310,000 | 40 BROAD LANE NORTH |
| 24 Mar 2023 | £252,378 | £250,000 | 45 GANDY ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 19 Jan 2015. Using an estimated price of £258,655 means this house is valued at £3,643 per sq meter (£338 per sq foot).
The average size of a house on BROAD LANE NORTH is 97 sq meters (1,046 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Len Davis Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Damson Close |
| Mar 2024 | Robbery | Under investigation | On or near Damson Close |
| Feb 2024 | Vehicle crime | Awaiting court outcome | On or near Damson Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wyvern Close |