£290,362
This estimated value is based upon the latest sale price for the house of £230,000 on 23 Mar 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,000 | 23 Mar 2018 |
| £175,000 | 9 Jun 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 March 2018 the House Price Index for WEST MIDLANDS was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £230,000 results in an estimated price of approximately £290,362.
| 23 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £230,000 | £60,362 | £290,362 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 22.786 % | £52,408 | £282,408 |
| 3 Month Average | 23.484 % | £54,013 | £284,013 |
| 6 Month Average | 24.017 % | £55,240 | £285,240 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £211,499 | £205,000 | 55 EDWARD ROAD |
| 3 Feb 2023 | £241,614 | £240,000 | 52 MALMESBURY ROAD |
| 25 Nov 2022 | £243,860 | £245,000 | 75 MALMESBURY ROAD |
| 21 Oct 2022 | £204,318 | £205,000 | 103 EDWARD ROAD |
| 5 Jul 2022 | £242,429 | £240,000 | 97 EDWARD ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 16 Mar 2017. Using an estimated price of £290,363 means this house is valued at £3,190 per sq meter (£296 per sq foot).
The average size of a house on PENNY PARK LANE is 104 sq meters (1,120 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Penny Park Lane |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Penny Park Lane |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Edward Road |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Edward Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edward Road |