£319,542
This estimated value is based upon the latest sale price for the house of £273,500 on 16 Oct 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Elizabeth Way
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| Price Paid | Date |
|---|---|
| £273,500 | 16 Oct 2020 |
| £185,000 | 19 Dec 2017 |
| Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2020 the House Price Index for WEST MIDLANDS was 126.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 16.835%.Applying this 16.835% change to the original purchase price of £273,500 results in an estimated price of approximately £319,542.
| 16 Oct 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.0 | 16.835 % | £273,500 | £46,042 | £319,542 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 4.077 % | £11,151 | £284,651 |
| 3 Month Average | -0.829 % | £-2,268 | £271,231 |
| 6 Month Average | 5.125 % | £14,017 | £287,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £282,674 | £280,000 | 48 ELIZABETH WAY |
| 8 Mar 2023 | £145,788 | £145,000 | 183 WOODWAY LANE |
| 10 Feb 2023 | £192,091 | £193,000 | 44 ELIZABETH WAY |
| 25 Jul 2022 | £264,642 | £265,000 | 76 WOODWAY LANE |
| 17 Jun 2022 | £368,737 | £365,000 | 110 WOODWAY LANE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 15 Aug 2015. Using an estimated price of £319,543 means this house is valued at £3,195 per sq meter (£296 per sq foot).
The average size of a house on WOODWAY LANE is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Elizabeth Way |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Elizabeth Way |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Kingsley Walk |
| Apr 2024 | Vehicle crime | Under investigation | On or near Kingsley Walk |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kingsley Walk |