£250,003
This estimated value is based upon the latest sale price for the house of £199,500 on 7 Jun 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £199,500 | 7 Jun 2018 |
| £172,500 | 1 Aug 2014 |
| Detached |
| Freehold |
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 2018 the House Price Index for WEST MIDLANDS was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £199,500 results in an estimated price of approximately £250,003.
| 7 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £199,500 | £50,503 | £250,003 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 50.755 % | £101,257 | £300,757 |
| 3 Month Average | 33.274 % | £66,382 | £265,882 |
| 6 Month Average | 33.321 % | £66,475 | £265,975 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £187,887 | £185,000 | 1 OAKFIELD AVENUE |
| 22 Jun 2023 | £285,726 | £280,000 | 30 MASEFIELD AVENUE |
| 17 Mar 2023 | £198,312 | £195,000 | 39 PATRICIA CRESCENT |
| 7 Nov 2022 | £298,604 | £300,000 | 15 BANCROFT CLOSE |
| 16 Aug 2022 | £351,644 | £350,000 | 40 FLAMBOROUGH WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other crime | Unable to prosecute suspect | On or near Elmley Close |
| Apr 2024 | Other crime | Unable to prosecute suspect | On or near Elmley Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Patricia Crescent |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Patricia Crescent |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Patricia Crescent |