£158,493
This estimated value is based upon the latest sale price for the house of £155,000 on 14 Sep 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £155,000 | 14 Sep 2023 |
| Terraced |
| Freehold |
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 2023 the House Price Index for WEST MIDLANDS was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £155,000 results in an estimated price of approximately £158,493.
| 14 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £155,000 | £3,493 | £158,493 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | -10.737 % | £-16,642 | £138,357 |
| 3 Month Average | -11.115 % | £-17,228 | £137,771 |
| 6 Month Average | -1.671 % | £-2,590 | £152,409 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £158,494 | £155,000 | 107 SOVEREIGN ROAD |
| 31 Mar 2023 | £279,671 | £275,000 | 142 SOVEREIGN ROAD |
| 21 Mar 2023 | £205,431 | £202,000 | 125 SOVEREIGN ROAD |
| 9 Nov 2022 | £180,655 | £181,500 | 110 SOVEREIGN ROAD |
| 2 Sep 2022 | £177,881 | £178,000 | 7 LUDLOW ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ludlow Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ludlow Road |
| Jun 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Ludlow Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ludlow Road |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ludlow Road |