£345,496
This estimated value is based upon the latest sale price for the house of £178,000 on 24 Aug 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £178,000 | 24 Aug 2004 |
| £88,995 | 29 Oct 1998 |
| Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 August 2004 the House Price Index for WEST MIDLANDS was 77.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 94.099%.Applying this 94.099% change to the original purchase price of £178,000 results in an estimated price of approximately £345,496.
| 24 Aug 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 149.7 | 94.099 % | £178,000 | £167,496 | £345,496 |
The Postcode Pricing Model uses changes in average sales price within the DY1 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 | 73.643 % | £131,085 | £309,085 |
| 3 Month Average | 90.443 % | £160,988 | £338,988 |
| 6 Month Average | 83.726 % | £149,031 | £327,031 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Feb 2023 | £216,446 | £215,000 | 35 RICHBOROUGH DRIVE |
| 7 Sep 2021 | £189,975 | £175,000 | 45 RICHBOROUGH DRIVE |
| 26 Aug 2021 | £192,182 | £171,000 | 37 RICHBOROUGH DRIVE |
| 18 Dec 2020 | £278,646 | £241,000 | 42 RICHBOROUGH DRIVE |
| 1 May 2020 | £187,300 | £152,000 | 67 RICHBOROUGH DRIVE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 4 Jul 2012. Using an estimated price of £345,497 means this house is valued at £3,755 per sq meter (£348 per sq foot).
The average size of a house on RICHBOROUGH DRIVE is 82 sq meters (890 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Local resolution | On or near Richborough Drive |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Beaumaris Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Elmstone Close |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Elmstone Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Goodrich Mews |