£275,922
This estimated value is based upon the latest sale price for the house of £225,000 on 24 Oct 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 24 Oct 2019 |
| £155,000 | 5 Mar 2019 |
| Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £225,000 results in an estimated price of approximately £275,922.
| 24 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £225,000 | £50,922 | £275,922 |
The Postcode Pricing Model uses changes in average sales price within the DY3 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 | 17.558 % | £39,506 | £264,506 |
| 3 Month Average | 27.281 % | £61,382 | £286,382 |
| 6 Month Average | 24.212 % | £54,477 | £279,477 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £227,914 | £225,000 | 4 GIBBONS HILL ROAD |
| 30 Nov 2022 | £204,523 | £207,000 | 18 THE VISTA |
| 27 Jul 2022 | £357,964 | £357,000 | 123 HIGH PARK CRESCENT |
| 20 May 2022 | £94,786 | £93,000 | 200A WOLVERHAMPTON ROAD |
| 29 Apr 2022 | £202,870 | £197,000 | 21 GIBBONS HILL ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 16 Apr 2018. Using an estimated price of £275,923 means this house is valued at £2,874 per sq meter (£267 per sq foot).
The average size of a house on WOLVERHAMPTON ROAD is 132 sq meters (1,421 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Clee View Meadow |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Charnwood Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Charnwood Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Round Hill |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near The Vista |