£95,251
This estimated value is based upon the latest sale price for the house of £70,000 on 22 Mar 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Springhill Close
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| Price Paid | Date |
|---|---|
| £70,000 | 22 Mar 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2016 the House Price Index for WEST MIDLANDS was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £70,000 results in an estimated price of approximately £95,251.
| 22 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £70,000 | £25,251 | £95,251 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 33.071 % | £23,149 | £93,149 |
| 3 Month Average | 48.592 % | £34,014 | £104,014 |
| 6 Month Average | 44.317 % | £31,022 | £101,022 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £123,125 | £120,000 | 5 SQUIRES GROVE |
| 20 Oct 2023 | £117,673 | £115,000 | 12 SQUIRES GROVE |
| 28 Jun 2023 | £112,249 | £110,000 | 10 SQUIRES GROVE |
| 28 Apr 2023 | £199,736 | £196,000 | 6 SANDWELL PLACE |
| 13 Jan 2023 | £81,468 | £81,250 | 15 SANDWELL PLACE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 27 Nov 2015. Using an estimated price of £95,252 means this house is valued at £1,205 per sq meter (£112 per sq foot).
The average size of a house on SPRINGHILL CLOSE is 104 sq meters (1,123 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Springhill Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Sandwell Place |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sandwell Place |
| Aug 2024 | Violence and sexual offences | Offender given a caution | On or near Sandwell Place |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Sandwell Place |