£264,114
This estimated value is based upon the latest sale price for the house of £250,000 on 28 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £250,000 | 28 Feb 2022 |
| £51,000 | 4 Aug 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 142 sq meters or 1,528 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 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £250,000 results in an estimated price of approximately £264,114.
| 28 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £250,000 | £14,114 | £264,114 |
The Postcode Pricing Model uses changes in average sales price within the WV2 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 | 112.630 % | £281,575 | £531,575 |
| 3 Month Average | 5.199 % | £12,996 | £262,996 |
| 6 Month Average | 24.637 % | £61,592 | £311,592 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £333,465 | £325,000 | 1 ARGYLE ROAD |
| 16 Nov 2022 | £27,870 | £28,000 | 2 NEEDWOOD CLOSE |
| 30 Jun 2022 | £199,259 | £195,000 | 33 NEEDWOOD CLOSE |
| 25 May 2022 | £184,815 | £180,000 | 48 CHETWYND ROAD |
| 4 Apr 2022 | £233,420 | £225,000 | 36 CHETWYND ROAD |
This house has a floor area of 142 sq meters or 1,528 sq feet when measured on 13 Oct 2021. Using an estimated price of £264,114 means this house is valued at £1,859 per sq meter (£172 per sq foot).
The average size of a house on CHETWYND ROAD is 111 sq meters (1,205 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Possession of weapons | Awaiting court outcome | On or near Chetwynd Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chetwynd Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chetwynd Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Chetwynd Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chetwynd Road |