£388,383
This estimated value is based upon the latest sale price for the house of £335,000 on 13 Nov 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £335,000 | 13 Nov 2020 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 2020 the House Price Index for WEST MIDLANDS was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £335,000 results in an estimated price of approximately £388,383.
| 13 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £335,000 | £53,383 | £388,383 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 42.108 % | £141,062 | £476,062 |
| 3 Month Average | 8.085 % | £27,083 | £362,083 |
| 6 Month Average | 10.884 % | £36,462 | £371,462 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jul 2023 | £430,798 | £425,000 | 64B WOODTHORNE ROAD SOUTH |
| 24 Oct 2022 | £469,940 | £475,000 | 109 WOODTHORNE ROAD SOUTH |
| 17 Jun 2022 | £522,382 | £515,000 | 8 WREKIN DRIVE |
| 26 Nov 2021 | £454,236 | £420,000 | 147 YEW TREE LANE |
| 29 Sep 2021 | £630,392 | £585,000 | 103 YEW TREE LANE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 3 Aug 2020. Using an estimated price of £388,383 means this house is valued at £3,845 per sq meter (£357 per sq foot).
The average size of a house on WOODTHORNE ROAD SOUTH is 148 sq meters (1,601 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near The Meadway |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near The Meadway |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near The Meadway |
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near Elviron Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |