£111,609
This estimated value is based upon the latest sale price for the house of £65,500 on 5 Dec 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £65,500 | 5 Dec 2012 |
| £35,500 | 8 Jun 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 527 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 December 2012 the House Price Index for WEST MIDLANDS was 87.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.396%.Applying this 70.396% change to the original purchase price of £65,500 results in an estimated price of approximately £111,609.
| 5 Dec 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 149.7 | 70.396 % | £65,500 | £46,109 | £111,609 |
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 | 37.096 % | £24,297 | £89,797 |
| 3 Month Average | 88.384 % | £57,891 | £123,391 |
| 6 Month Average | 83.505 % | £54,695 | £120,195 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2022 | £1,612,460 | £1,620,000 | 34 WOLVERHAMPTON STREET |
| 22 Feb 2022 | £89,799 | £85,000 | 31 NEWLANDS CLOSE |
| 28 Jan 2022 | £148,428 | £140,000 | 75 NEW ROAD |
| 11 Oct 2021 | £192,838 | £173,000 | 3 NEWLANDS CLOSE |
| 6 Oct 2021 | £130,974 | £117,500 | 3 WILKES STREET |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 3 Aug 2012. Using an estimated price of £111,609 means this house is valued at £2,277 per sq meter (£211 per sq foot).
The average size of a house on NEWLANDS CLOSE is 58 sq meters (625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Newlands Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newlands Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Newlands Close |
| Jun 2024 | Shoplifting | Awaiting court outcome | On or near Newlands Close |
| Jun 2024 | Shoplifting | Under investigation | On or near Newlands Close |