£288,037
This estimated value is based upon the latest sale price for the house of £70,500 on 19 Nov 1999. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £70,500 | 19 Nov 1999 |
| Semi-Detached |
| 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 November 1999 the House Price Index for WEST MIDLANDS was 36.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 308.564%.Applying this 308.564% change to the original purchase price of £70,500 results in an estimated price of approximately £288,037.
| 19 Nov 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 36.4 | 148.6 | 308.564 % | £70,500 | £217,537 | £288,037 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 315.583 % | £222,485 | £292,985 |
| 3 Month Average | 232.767 % | £164,100 | £234,600 |
| 6 Month Average | 228.674 % | £161,214 | £231,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £361,160 | £358,000 | 16 CHESTNUT WAY |
| 31 Jul 2023 | £192,592 | £190,000 | 7 GAIL PARK |
| 21 Apr 2023 | £85,925 | £85,000 | 27 GAIL PARK |
| 13 Jan 2023 | £159,250 | £160,000 | 30 MARNEL DRIVE |
| 25 Jul 2022 | £265,715 | £265,000 | 152 TRYSULL ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 4 Aug 2020. Using an estimated price of £288,038 means this house is valued at £3,236 per sq meter (£300 per sq foot).
The average size of a house on MARNEL DRIVE is 90 sq meters (977 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Marnel Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marnel Drive |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Marnel Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Marnel Drive |
| Dec 2023 | Other theft | Unable to prosecute suspect | On or near Marnel Drive |