£313,560
This estimated value is based upon the latest sale price for the house of £279,000 on 24 Aug 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £279,000 | 24 Aug 2021 |
| £142,000 | 5 Sep 2014 |
| 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 August 2021 the House Price Index for WEST MIDLANDS was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £279,000 results in an estimated price of approximately £313,560.
| 24 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £279,000 | £34,560 | £313,560 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 47.811 % | £133,392 | £412,392 |
| 3 Month Average | 1.942 % | £5,418 | £284,418 |
| 6 Month Average | 0.664 % | £1,853 | £280,853 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £179,558 | £175,000 | 14 ELM AVENUE |
| 18 Aug 2023 | £238,298 | £234,000 | 109 MILL LANE |
| 18 Aug 2023 | £224,041 | £220,000 | 63 WILLOW AVENUE |
| 2 Mar 2023 | £245,093 | £241,000 | 57 WILLOW AVENUE |
| 2 Feb 2023 | £276,849 | £275,000 | 112 MILL LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Mill Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Lane |
| Sep 2024 | Anti-social behaviour | On or near Mill Lane | |
| Sep 2024 | Anti-social behaviour | On or near Mill Lane | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mill Lane |