£97,405
This estimated value is based upon the latest sale price for the house of £72,000 on 9 May 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £72,000 | 9 May 2016 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 762 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 2016 the House Price Index for WEST MIDLANDS was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £72,000 results in an estimated price of approximately £97,405.
| 9 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £72,000 | £25,405 | £97,405 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | 27.662 % | £19,916 | £91,916 |
| 3 Month Average | 46.564 % | £33,526 | £105,526 |
| 6 Month Average | 47.399 % | £34,127 | £106,127 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £90,788 | £90,000 | 14 LESLIE ROAD |
| 25 Mar 2024 | £118,318 | £116,500 | 51 POWELL STREET |
| 23 Nov 2023 | £116,969 | £114,000 | 150 POWELL STREET |
| 17 Nov 2023 | £102,605 | £100,000 | 60 POWELL STREET |
| 16 Jun 2023 | £91,840 | £90,000 | 55 POWELL STREET |
This house has a floor area of 70 sq meters or 762 sq feet when measured on 24 Jul 2010. Using an estimated price of £97,406 means this house is valued at £1,375 per sq meter (£127 per sq foot).
The average size of a house on POWELL STREET is 78 sq meters (844 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Lockley Close |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Lockley Close |
| May 2024 | Drugs | Under investigation | On or near Lockley Close |
| May 2024 | Other theft | Unable to prosecute suspect | On or near Lockley Close |
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lockley Close |