£287,143
This estimated value is based upon the latest sale price for the house of £215,000 on 15 Jun 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £215,000 | 15 Jun 2016 |
| £225,000 | 10 Oct 2008 |
| £178,000 | 18 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 June 2016 the House Price Index for WEST MIDLANDS was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £215,000 results in an estimated price of approximately £287,143.
| 15 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £215,000 | £72,143 | £287,143 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 128.365 % | £275,984 | £490,984 |
| 3 Month Average | 39.446 % | £84,809 | £299,809 |
| 6 Month Average | 41.627 % | £89,499 | £304,499 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £305,292 | £299,950 | 5 TYRLEY CLOSE |
| 26 Jul 2023 | £357,309 | £352,500 | 9 CHURCH ROAD |
| 6 Jul 2023 | £648,731 | £640,000 | OAKLEIGH GROVE LANE |
| 5 Jun 2023 | £281,915 | £278,500 | 6 WHITLEY CLOSE |
| 17 Feb 2023 | £299,798 | £300,000 | 47 BRAMSTEAD AVENUE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 29 Apr 2014. Using an estimated price of £287,143 means this house is valued at £2,960 per sq meter (£275 per sq foot).
The average size of a house on FORTON CLOSE is 107 sq meters (1,162 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tyrley Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tyrley Close |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Church Road |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Kirstead Gardens |
| Mar 2024 | Robbery | Under investigation | On or near Parking Area |