£78,984
This estimated value is based upon the latest sale price for the house of £60,000 on 13 Jan 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £60,000 | 13 Jan 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 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 January 2017 the House Price Index for WEST MIDLANDS was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £60,000 results in an estimated price of approximately £78,984.
| 13 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 149.7 | 31.640 % | £60,000 | £18,984 | £78,984 |
The Postcode Pricing Model uses changes in average sales price within the DY1 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 | 80.322 % | £48,192 | £108,192 |
| 3 Month Average | 52.103 % | £31,261 | £91,261 |
| 6 Month Average | 36.821 % | £22,092 | £82,092 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Apr 2023 | £280,242 | £275,000 | 16 BENNETT AVENUE |
| 28 Feb 2023 | £250,675 | £249,000 | 21 WREN STREET |
| 17 Feb 2023 | £211,412 | £210,000 | 22 WREN STREET |
| 15 Feb 2023 | £201,345 | £200,000 | 20 LITTLEWORTH AVENUE |
| 9 Nov 2022 | £119,441 | £120,000 | 55 SEDGLEY ROAD |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 11 Oct 2016. Using an estimated price of £78,984 means this house is valued at £1,717 per sq meter (£159 per sq foot).
The average size of a house on SEDGLEY ROAD is 88 sq meters (954 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sedgley Road |
| Jul 2024 | Drugs | Local resolution | On or near Sedgley Road |
| Oct 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Oct 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Supermarket |