£158,131
This estimated value is based upon the latest sale price for the house of £128,000 on 18 Oct 2019. 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 Orchard Drive
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| Price Paid | Date |
|---|---|
| £128,000 | 18 Oct 2019 |
| £103,000 | 10 Feb 2017 |
| £82,000 | 24 Oct 2014 |
| £85,000 | 14 May 2004 |
| £42,000 | 28 Sep 2001 |
| £27,500 | 21 Jun 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 October 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £128,000 results in an estimated price of approximately £158,131.
| 18 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £128,000 | £30,131 | £158,131 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | 2.568 % | £3,286 | £131,286 |
| 3 Month Average | 2.552 % | £3,267 | £131,267 |
| 6 Month Average | 11.435 % | £14,636 | £142,636 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £138,516 | £135,000 | 39 ORCHARD DRIVE |
| 11 Aug 2023 | £234,224 | £230,000 | 4 MORGANS ROAD |
| 5 Jun 2023 | £142,863 | £140,000 | 6 PINE COURT HOCKLEY LANE |
| 16 Mar 2023 | £447,473 | £440,000 | 1024 BROAD LANE |
| 27 Feb 2023 | £110,740 | £110,000 | 25 ORCHARD DRIVE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 26 Aug 2019. Using an estimated price of £158,131 means this house is valued at £2,928 per sq meter (£272 per sq foot).
The average size of a house on ORCHARD DRIVE is 54 sq meters (591 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Under investigation | On or near Orchard Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Morgans Road |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Morgans Road |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Morgans Road |
| Sep 2024 | Burglary | Under investigation | On or near Hockley Lane |