£132,387
This estimated value is based upon the latest sale price for the house of £130,000 on 4 Aug 2023. 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 Parking Area
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| Price Paid | Date |
|---|---|
| £130,000 | 4 Aug 2023 |
| £105,000 | 23 Oct 2019 |
| £70,000 | 30 Apr 2019 |
| £114,000 | 14 Feb 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 2023 the House Price Index for WEST MIDLANDS was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £130,000 results in an estimated price of approximately £132,387.
| 4 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £130,000 | £2,387 | £132,387 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | -5.149 % | £-6,693 | £123,306 |
| 3 Month Average | 3.781 % | £4,914 | £134,914 |
| 6 Month Average | -0.526 % | £-684 | £129,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £113,748 | £112,000 | 52 WATERFRONT WAY |
| 11 Dec 2023 | £105,517 | £102,275 | 104 WATERFRONT WAY |
| 4 Aug 2023 | £132,388 | £130,000 | 115 WAVE CLOSE |
| 27 Jan 2023 | £89,740 | £89,500 | 53 WATERFRONT WAY |
| 16 Sep 2022 | £99,933 | £100,000 | 37 WATERFRONT WAY |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 21 Oct 2012. Using an estimated price of £132,388 means this house is valued at £2,170 per sq meter (£201 per sq foot).
The average size of a house on WAVE CLOSE is 66 sq meters (720 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Parking Area |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |
| Oct 2024 | Anti-social behaviour | On or near Parking Area | |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |