£203,296
This estimated value is based upon the latest sale price for the house of £198,000 on 13 May 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £198,000 | 13 May 2022 |
| £145,000 | 8 Dec 2017 |
| £133,000 | 5 Dec 2011 |
| £132,500 | 20 Apr 2006 |
| £51,500 | 21 Aug 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 722 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 May 2022 the House Price Index for WEST MIDLANDS was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £198,000 results in an estimated price of approximately £203,296.
| 13 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £198,000 | £5,296 | £203,296 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | -47.893 % | £-94,827 | £103,172 |
| 3 Month Average | 13.848 % | £27,418 | £225,418 |
| 6 Month Average | 6.023 % | £11,924 | £209,924 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £388,566 | £380,000 | 3 DERWENT CLOSE |
| 1 Sep 2023 | £194,283 | £190,000 | 78 HONEYBOURNE WAY |
| 13 May 2022 | £203,296 | £198,000 | 7 DERWENT CLOSE |
| 6 May 2022 | £195,082 | £190,000 | 3 AVON DRIVE |
| 18 Feb 2022 | £195,445 | £185,000 | 7 HONEYBOURNE WAY |
This house has a floor area of 67 sq meters or 722 sq feet when measured on 8 Jul 2011. Using an estimated price of £203,296 means this house is valued at £3,027 per sq meter (£281 per sq foot).
The average size of a house on DERWENT CLOSE is 80 sq meters (865 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Close |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Gough Street |
| Jun 2024 | Other crime | Investigation complete; no suspect identified | On or near Isis Grove |