£303,792
This estimated value is based upon the latest sale price for the house of £249,500 on 25 Jul 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £249,500 | 25 Jul 2019 |
| £25,000 | 16 Aug 2017 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 July 2019 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.760%.Applying this 21.760% change to the original purchase price of £249,500 results in an estimated price of approximately £303,792.
| 25 Jul 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.760 % | £249,500 | £54,292 | £303,792 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | -18.330 % | £-45,734 | £203,765 |
| 3 Month Average | 17.198 % | £42,908 | £292,408 |
| 6 Month Average | 24.398 % | £60,873 | £310,373 |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 13 Jul 2018.
The average size of a house on GORGE ROAD is 154 sq meters (1,667 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gorge Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gorge Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gorge Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Gorge Road |
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Rock Road |