£351,652
This estimated value is based upon the latest sale price for the house of £345,000 on 15 Dec 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £345,000 | 15 Dec 2023 |
| Detached |
| 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 December 2023 the House Price Index for WEST MIDLANDS was 145.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.928%.Applying this 1.928% change to the original purchase price of £345,000 results in an estimated price of approximately £351,652.
| 15 Dec 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.2 | 148.0 | 1.928 % | £345,000 | £6,652 | £351,652 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | -3.957 % | £-13,651 | £331,348 |
| 3 Month Average | 1.513 % | £5,220 | £350,220 |
| 6 Month Average | -1.134 % | £-3,911 | £341,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £351,653 | £345,000 | 12 BROOMLEA CLOSE |
| 15 Nov 2023 | £334,292 | £330,000 | 2 BRACKEN WAY |
| 3 Mar 2023 | £316,712 | £315,000 | 3 FRANKBURN ROAD |
| 26 Aug 2022 | £387,383 | £390,000 | 47 LOWLANDS AVENUE |
| 20 Jul 2022 | £484,345 | £485,000 | 16 BROOMLEA CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Broomlea Close |
| Mar 2024 | Robbery | Unable to prosecute suspect | On or near Bracken Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Langham Green |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Langham Green |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mayfield Road |