£68,422
This estimated value is based upon the latest sale price for the house of £12,000 on 3 Aug 1995. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £12,000 | 3 Aug 1995 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 August 1995 the House Price Index for WEST MIDLANDS was 26.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 470.185%.Applying this 470.185% change to the original purchase price of £12,000 results in an estimated price of approximately £68,422.
| 3 Aug 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.1 | 148.6 | 470.185 % | £12,000 | £56,422 | £68,422 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 271.682 % | £32,601 | £44,601 |
| 3 Month Average | 253.341 % | £30,400 | £42,400 |
| 6 Month Average | 276.090 % | £33,130 | £45,130 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £188,295 | £185,000 | 1 BEACONSFIELD DRIVE |
| 28 Apr 2023 | £171,850 | £170,000 | 12 GREENLY ROAD |
| 10 Mar 2023 | £166,569 | £165,000 | 22 VERONICA AVENUE |
| 6 Sep 2022 | £64,479 | £65,000 | FLAT 75 ROWAN HOUSE HAILES PARK CLOSE |
| 10 Jun 2022 | £162,294 | £160,000 | 6 GREENLY ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 30 Jun 2014. Using an estimated price of £68,422 means this house is valued at £824 per sq meter (£76 per sq foot).
The average size of a house on PARKFIELD ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near A4039 |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Barnard Place |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Barnard Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Barnard Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Barnard Place |