£480,108
This estimated value is based upon the latest sale price for the house of £394,000 on 20 Feb 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £394,000 | 20 Feb 2020 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 February 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.855%.Applying this 21.855% change to the original purchase price of £394,000 results in an estimated price of approximately £480,108.
| 20 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.855 % | £394,000 | £86,108 | £480,108 |
The Postcode Pricing Model uses changes in average sales price within the WS4 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 | 93.209 % | £367,244 | £761,244 |
| 3 Month Average | -5.719 % | £-22,532 | £371,467 |
| 6 Month Average | 13.387 % | £52,745 | £446,745 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £586,088 | £575,000 | 5 REGINA DRIVE |
| 28 Apr 2023 | £138,530 | £137,500 | 3B LEIGH COURT LEIGH ROAD |
| 4 Apr 2023 | £188,904 | £187,500 | FLAT 11 MELROSE COURT, 35 MELLISH ROAD |
| 19 Aug 2022 | £126,148 | £127,000 | FLAT 12 MELROSE COURT, 35 MELLISH ROAD |
| 26 Jul 2022 | £149,798 | £150,000 | FLAT 1 MELROSE COURT, 35 MELLISH ROAD |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 19 Dec 2019. Using an estimated price of £480,109 means this house is valued at £3,840 per sq meter (£356 per sq foot).
The average size of a house on WORFIELD CLOSE is 188 sq meters (2,030 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Worfield Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Leigh Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Calderfields Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rushwood Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mellish Court |