£240,732
This estimated value is based upon the latest sale price for the house of £162,000 on 14 Jan 2015. 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 | 14 Jan 2015 |
| Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 January 2015 the House Price Index for WEST MIDLANDS was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £162,000 results in an estimated price of approximately £240,732.
| 14 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £162,000 | £78,732 | £240,732 |
The Postcode Pricing Model uses changes in average sales price within the DY3 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 | 37.063 % | £60,042 | £222,042 |
| 3 Month Average | 59.500 % | £96,389 | £258,389 |
| 6 Month Average | 49.252 % | £79,788 | £241,788 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2023 | £201,765 | £200,000 | 22 FLAVELLS LANE |
| 10 Mar 2023 | £105,999 | £105,000 | 9 PROSPECT ROAD |
| 3 Mar 2023 | £328,091 | £325,000 | 16 KETTLES BANK ROAD |
| 8 Jun 2022 | £391,533 | £386,000 | 15 SUMMIT PLACE |
| 31 May 2022 | £453,546 | £445,000 | 1 PROSPECT ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 11 Jul 2014. Using an estimated price of £240,732 means this house is valued at £3,390 per sq meter (£314 per sq foot).
The average size of a house on PROSPECT ROAD is 127 sq meters (1,375 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Kettlesbank Road | |
| Mar 2024 | Anti-social behaviour | On or near Kettlesbank Road | |
| Apr 2024 | Shoplifting | Unable to prosecute suspect | On or near Prices Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Prices Road |
| Jan 2024 | Shoplifting | Unable to prosecute suspect | On or near Prices Road |