£100,249
This estimated value is based upon the latest sale price for the house of £55,000 on 1 Jul 2009. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £55,000 | 1 Jul 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 July 2009 the House Price Index for WEST MIDLANDS was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.273%.Applying this 82.273% change to the original purchase price of £55,000 results in an estimated price of approximately £100,249.
| 1 Jul 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 148.6 | 82.273 % | £55,000 | £45,249 | £100,249 |
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 | 96.646 % | £53,155 | £108,155 |
| 3 Month Average | 54.134 % | £29,773 | £84,773 |
| 6 Month Average | 60.532 % | £33,292 | £88,292 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £120,541 | £119,000 | 9 WALLACE ROAD |
| 14 Sep 2023 | £192,461 | £190,000 | 104 BRADLEY LANE |
| 31 Jul 2023 | £177,387 | £175,000 | 5 PACE CRESCENT |
| 21 Jul 2023 | £209,824 | £207,000 | 130 WALLACE ROAD |
| 28 Jun 2023 | £183,725 | £181,500 | 7 ASHFIELD ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 30 Jan 2017. Using an estimated price of £100,250 means this house is valued at £1,285 per sq meter (£119 per sq foot).
The average size of a house on WALLACE ROAD is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Bellevue Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bellevue Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pace Crescent |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pace Crescent |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pace Crescent |