£165,553
This estimated value is based upon the latest sale price for the house of £135,000 on 22 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 |
|---|---|
| £135,000 | 22 Oct 2019 |
| £93,000 | 27 Mar 2009 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 £135,000 results in an estimated price of approximately £165,553.
| 22 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £135,000 | £30,553 | £165,553 |
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 | -4.747 % | £-6,408 | £128,591 |
| 3 Month Average | -0.169 % | £-228 | £134,771 |
| 6 Month Average | 11.790 % | £15,916 | £150,916 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £174,228 | £172,000 | 15 BOSWELL DRIVE |
| 17 Jan 2023 | £144,320 | £145,000 | 17 FAIRBANKS CLOSE |
| 7 Jul 2022 | £276,745 | £276,000 | 16 SHUNA CROFT |
| 25 Nov 2021 | £175,205 | £162,000 | 39 BRADE DRIVE |
| 29 Sep 2021 | £188,579 | £175,000 | 5 LUCIAN CLOSE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 18 Jun 2019. Using an estimated price of £165,554 means this house is valued at £2,508 per sq meter (£233 per sq foot).
The average size of a house on FAIRBANKS CLOSE is 63 sq meters (684 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairbanks Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fairbanks Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairbanks Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairbanks Close |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Fairbanks Close |