£185,223
This estimated value is based upon the latest sale price for the house of £140,000 on 30 Sep 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £140,000 | 30 Sep 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 September 2016 the House Price Index for WEST MIDLANDS was 111.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.303%.Applying this 32.303% change to the original purchase price of £140,000 results in an estimated price of approximately £185,223.
| 30 Sep 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.0 | 32.303 % | £140,000 | £45,223 | £185,223 |
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 | 35.154 % | £49,215 | £189,215 |
| 3 Month Average | 37.078 % | £51,909 | £191,909 |
| 6 Month Average | 30.067 % | £42,093 | £182,093 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £282,223 | £278,600 | 46 PAXMEAD CLOSE |
| 17 Nov 2023 | £354,552 | £350,000 | 18 FORELAND WAY |
| 2 Aug 2023 | £412,509 | £410,000 | 16 LEACREST ROAD |
| 21 Jul 2023 | £272,578 | £270,000 | 57 PAXMEAD CLOSE |
| 13 Jul 2023 | £378,581 | £375,000 | 9 FORELAND WAY |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 12 Sep 2016. Using an estimated price of £185,224 means this house is valued at £1,798 per sq meter (£167 per sq foot).
The average size of a house on PAXMEAD CLOSE is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Paxmead Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Eacott Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Eacott Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Eacott Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Eacott Close |