£78,524
This estimated value is based upon the latest sale price for the house of £62,222 on 5 Oct 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £62,222 | 5 Oct 2017 |
| £106,184 | 8 Oct 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 October 2017 the House Price Index for WEST MIDLANDS was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £62,222 results in an estimated price of approximately £78,524.
| 5 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £62,222 | £16,302 | £78,524 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 22.280 % | £13,863 | £76,085 |
| 3 Month Average | 26.515 % | £16,498 | £78,720 |
| 6 Month Average | 24.394 % | £15,178 | £77,400 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2023 | £162,183 | £160,000 | 3 DRAKE STREET |
| 9 Jun 2023 | £146,778 | £145,000 | 60 LOCKHURST LANE |
| 9 Jan 2023 | £124,414 | £125,000 | 330 FOLESHILL ROAD |
| 4 Apr 2022 | £137,993 | £134,000 | APARTMENT 2 MATLOCK HOUSE, 79 CHELMSFORD DRIVE |
| 4 Apr 2022 | £141,082 | £137,000 | APARTMENT 7 MATLOCK HOUSE, 79 CHELMSFORD DRIVE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 12 Sep 2014. Using an estimated price of £78,524 means this house is valued at £1,377 per sq meter (£127 per sq foot).
The average size of a house on GRESSINGHAM GROVE is 55 sq meters (597 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Under investigation | On or near Gressingham Grove |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Gressingham Grove |
| Apr 2024 | Criminal damage and arson | Awaiting court outcome | On or near Gressingham Grove |
| Apr 2024 | Possession of weapons | Under investigation | On or near Gressingham Grove |
| Apr 2024 | Public order | Under investigation | On or near Gressingham Grove |