£195,686
This estimated value is based upon the latest sale price for the house of £162,000 on 26 Aug 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £162,000 | 26 Aug 2020 |
| £160,000 | 29 Jun 2018 |
| £78,500 | 27 Nov 2002 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2020 the House Price Index for WEST MIDLANDS was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £162,000 results in an estimated price of approximately £195,686.
| 26 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £162,000 | £33,686 | £195,686 |
The Postcode Pricing Model uses changes in average sales price within the B38 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 | 16.281 % | £26,374 | £188,374 |
| 3 Month Average | 6.492 % | £10,517 | £172,517 |
| 6 Month Average | 21.902 % | £35,481 | £197,481 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £188,134 | £186,500 | 24 SPOON DRIVE |
| 24 Oct 2023 | £71,627 | £70,000 | 25 CHIP CLOSE |
| 22 Aug 2023 | £203,673 | £200,000 | 34 CHIP CLOSE |
| 28 Feb 2023 | £191,278 | £190,000 | 166 VARDON WAY |
| 31 Jan 2023 | £274,734 | £274,000 | 42 MARBURY CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 19 Oct 2015. Using an estimated price of £195,687 means this house is valued at £2,198 per sq meter (£204 per sq foot).
The average size of a house on SPOON DRIVE is 97 sq meters (1,045 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Spoon Drive | |
| Jun 2024 | Vehicle crime | Unable to prosecute suspect | On or near Spoon Drive |
| Jun 2024 | Burglary | Under investigation | On or near Ombersley Way |
| May 2024 | Other theft | Action to be taken by another organisation | On or near Ombersley Way |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redgate Close |