£108,951
This estimated value is based upon the latest sale price for the house of £46,000 on 2 May 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £46,000 | 2 May 2003 |
| £38,500 | 8 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
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 2003 the House Price Index for WEST MIDLANDS was 62.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 136.852%.Applying this 136.852% change to the original purchase price of £46,000 results in an estimated price of approximately £108,951.
| 2 May 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.7 | 148.6 | 136.852 % | £46,000 | £62,951 | £108,951 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | -26.881 % | £-12,365 | £33,634 |
| 3 Month Average | 89.807 % | £41,311 | £87,311 |
| 6 Month Average | 82.546 % | £37,971 | £83,971 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £86,277 | £85,000 | FLAT 24 LAWTON COURT OAKS CRESCENT |
| 3 Aug 2023 | £626,481 | £621,000 | FLAT WELSH CHAPEL ST MARKS ROAD |
| 6 Jan 2023 | £547,421 | £550,000 | ST MARKS HOSTEL LORD STREET |
| 28 Jun 2022 | £179,537 | £177,000 | 64 CHAPEL ASH |
| 21 Apr 2022 | £147,261 | £143,000 | 12 DALE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Petrol Station |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cherry Street |
| Feb 2024 | Anti-social behaviour | On or near Cherry Street | |
| Feb 2024 | Anti-social behaviour | On or near Cherry Street | |
| Mar 2024 | Bicycle theft | Under investigation | On or near Alexandra Street |