£101,795
This estimated value is based upon the latest sale price for the house of £70,100 on 29 Jun 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £70,100 | 29 Jun 2015 |
| £16,000 | 17 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2015 the House Price Index for WEST MIDLANDS was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £70,100 results in an estimated price of approximately £101,795.
| 29 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £70,100 | £31,695 | £101,795 |
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 | 89.035 % | £62,413 | £132,513 |
| 3 Month Average | 52.409 % | £36,738 | £106,838 |
| 6 Month Average | 64.519 % | £45,227 | £115,327 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £140,000 | £140,000 | 34 FIRST AVENUE |
| 16 Feb 2023 | £173,383 | £173,500 | 18 OTHELLO ROAD |
| 9 Nov 2022 | £138,324 | £140,000 | 58 FOSTER ROAD |
| 31 Oct 2022 | £171,157 | £173,000 | 63 LUCE ROAD |
| 10 Aug 2022 | £154,584 | £155,000 | 55 FOURTH AVENUE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 1 Mar 2019. Using an estimated price of £101,796 means this house is valued at £1,241 per sq meter (£115 per sq foot).
The average size of a house on FIRST AVENUE is 80 sq meters (867 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Fourth Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |
| Apr 2024 | Bicycle theft | Under investigation | On or near Sharman Road |