£84,419
This estimated value is based upon the latest sale price for the house of £60,000 on 16 Oct 2015. 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 Oak Close
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| Price Paid | Date |
|---|---|
| £60,000 | 16 Oct 2015 |
| £72,000 | 30 Mar 2007 |
| £54,995 | 6 May 2005 |
| £27,000 | 6 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 2015 the House Price Index for WEST MIDLANDS was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £60,000 results in an estimated price of approximately £84,419.
| 16 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £60,000 | £24,419 | £84,419 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 20.432 % | £12,259 | £72,259 |
| 3 Month Average | 6.968 % | £4,180 | £64,180 |
| 6 Month Average | 32.408 % | £19,444 | £79,444 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Mar 2023 | £363,424 | £360,000 | 4A ALISON CLOSE |
| 25 Mar 2022 | £269,428 | £260,000 | 39 WAKE GREEN ROAD |
| 18 Feb 2022 | £235,956 | £225,000 | 5 WAKE GREEN ROAD |
| 16 Feb 2022 | £238,054 | £227,000 | 33 ELIZABETH WALK |
| 28 Jan 2022 | £48,937 | £46,500 | 11 CARVER COURT |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 13 May 2015. Using an estimated price of £84,419 means this house is valued at £1,963 per sq meter (£182 per sq foot).
The average size of a house on OAK CLOSE is 45 sq meters (494 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Oak Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Elizabeth Walk |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wake Green Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Diane Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Diane Close |