£73,974
This estimated value is based upon the latest sale price for the house of £56,000 on 20 Dec 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£56,000 | 20 Dec 2016 |
Terraced |
Freehold |
Floor Area: 76 sq meters or 818 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 December 2016 the House Price Index for WEST MIDLANDS was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £56,000 results in an estimated price of approximately £73,974.
20 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.3 | 149.7 | 32.097 % | £56,000 | £17,974 | £73,974 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | -52.374 % | £-29,329 | £26,670 |
3 Month Average | 28.556 % | £15,991 | £71,991 |
6 Month Average | 14.303 % | £8,009 | £64,009 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £123,125 | £120,000 | 41 BRIGHT STREET |
17 Feb 2023 | £130,874 | £130,000 | 43 BRIGHT STREET |
29 Apr 2022 | £124,491 | £120,000 | 31 GREAT HAMPTON STREET |
8 Apr 2022 | £246,388 | £237,500 | 269 NEWHAMPTON ROAD EAST |
8 Apr 2022 | £379,696 | £366,000 | 8 PAGET STREET |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 25 Oct 2016. Using an estimated price of £73,974 means this house is valued at £973 per sq meter (£90 per sq foot).
The average size of a house on BRIGHT STREET is 91 sq meters (981 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Other theft | Under investigation | On or near Paget Street |
Oct 2024 | Violence and sexual offences | Under investigation | On or near Paget Street |
Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Paget Street |
Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near New Hampton Road East |
Jul 2024 | Drugs | Under investigation | On or near New Hampton Road East |