£316,458
This estimated value is based upon the latest sale price for the house of £236,950 on 10 Jun 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £236,950 | 10 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2016 the House Price Index for WEST MIDLANDS was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £236,950 results in an estimated price of approximately £316,458.
| 10 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £236,950 | £79,508 | £316,458 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 33.661 % | £79,759 | £316,709 |
| 3 Month Average | 50.545 % | £119,766 | £356,716 |
| 6 Month Average | 58.412 % | £138,406 | £375,356 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £322,779 | £318,000 | 45 THURSFIELD ROAD |
| 14 Sep 2023 | £224,875 | £222,000 | 53 HOLLYHEDGE ROAD |
| 29 Aug 2023 | £297,604 | £295,000 | 26 PENNYHILL LANE |
| 17 Jul 2023 | £270,643 | £267,000 | 5 WILKES STREET |
| 20 Jan 2023 | £383,195 | £385,000 | 8 PENNYHILL LANE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 4 Dec 2015. Using an estimated price of £316,458 means this house is valued at £4,219 per sq meter (£391 per sq foot).
The average size of a house on PENNYHILL LANE is 111 sq meters (1,203 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Possession of weapons | Unable to prosecute suspect | On or near Hollyhedge Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Hollyhedge Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Thursfield Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Wilkes Street |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Wilkes Street |