£792,030
This estimated value is based upon the latest sale price for the house of £735,000 on 3 Sep 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £735,000 | 3 Sep 2021 |
| £535,000 | 4 Sep 2009 |
| £217,500 | 22 Oct 1996 |
| Detached |
| Freehold |
| Floor Area: 182 sq meters or 1,959 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 September 2021 the House Price Index for WEST MIDLANDS was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £735,000 results in an estimated price of approximately £792,030.
| 3 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £735,000 | £57,030 | £792,030 |
The Postcode Pricing Model uses changes in average sales price within the DY9 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 | 2.820 % | £20,725 | £755,725 |
| 3 Month Average | -10.787 % | £-79,287 | £655,712 |
| 6 Month Average | -14.377 % | £-105,667 | £629,332 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £688,807 | £680,000 | 35 STUARTS GREEN |
| 23 Aug 2023 | £650,692 | £645,000 | 21 BELL MEADOW |
| 31 Mar 2022 | £720,202 | £695,000 | 15 BELL MEADOW |
| 31 Jan 2022 | £827,193 | £786,000 | 12 IRONBRIDGE WALK |
| 14 Jan 2022 | £605,135 | £575,000 | 86 REDLAKE DRIVE |
This house has a floor area of 182 sq meters or 1,959 sq feet when measured on 2 Mar 2020. Using an estimated price of £792,030 means this house is valued at £4,351 per sq meter (£404 per sq foot).
The average size of a house on REDLAKE DRIVE is 218 sq meters (2,348 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wigorn Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferndale Park |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Polo Fields |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parish Gardens |
| Mar 2024 | Burglary | Under investigation | On or near The Meadows |