£128,403
This estimated value is based upon the latest sale price for the house of £123,000 on 11 Mar 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £123,000 | 11 Mar 2022 |
| £90,000 | 27 Aug 2004 |
| £50,000 | 17 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 March 2022 the House Price Index for WEST MIDLANDS was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £123,000 results in an estimated price of approximately £128,403.
| 11 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £123,000 | £5,403 | £128,403 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | 29.012 % | £35,684 | £158,684 |
| 3 Month Average | 10.426 % | £12,823 | £135,823 |
| 6 Month Average | 9.643 % | £11,860 | £134,860 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £123,125 | £120,000 | 41 BRIGHT STREET |
| 3 Nov 2023 | £189,818 | £185,000 | 70 SHERWOOD STREET |
| 21 Mar 2023 | £141,869 | £139,500 | 69 SHERWOOD STREET |
| 21 Mar 2023 | £141,869 | £139,500 | 68 SHERWOOD STREET |
| 17 Feb 2023 | £130,874 | £130,000 | 43 BRIGHT STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 5 Dec 2014. Using an estimated price of £128,404 means this house is valued at £1,860 per sq meter (£172 per sq foot).
The average size of a house on BRIGHT STREET is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bright Street |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bright Street |
| Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Bright Street |
| Sep 2024 | Robbery | Under investigation | On or near Bright Street |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Bright Street |