£96,775
This estimated value is based upon the latest sale price for the house of £70,000 on 14 Jan 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £70,000 | 14 Jan 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 36 sq meters or 387 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 January 2016 the House Price Index for WEST MIDLANDS was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £70,000 results in an estimated price of approximately £96,775.
| 14 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £70,000 | £26,775 | £96,775 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 57.943 % | £40,560 | £110,560 |
| 3 Month Average | 57.391 % | £40,173 | £110,173 |
| 6 Month Average | 53.627 % | £37,538 | £107,538 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Oct 2024 | £245,500 | £245,500 | 29 PHILLIPS AVENUE |
| 17 May 2024 | £183,000 | £183,000 | 9 THORNLEY CLOSE |
| 1 Dec 2023 | £154,755 | £150,000 | 54 PHILLIPS AVENUE |
| 17 Nov 2023 | £230,860 | £225,000 | 2 PALMER CLOSE |
| 27 Oct 2023 | £171,904 | £168,000 | 23 CLARE AVENUE |
This house has a floor area of 36 sq meters or 387 sq feet when measured on 6 Feb 2014. Using an estimated price of £96,776 means this house is valued at £2,688 per sq meter (£249 per sq foot).
The average size of a house on PARKER ROAD is 77 sq meters (830 sq feet).
This house is the smallest in the street with a floor area of 36 sq meters (387 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thornley Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thornley Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nocke Road |
| Sep 2024 | Other crime | Unable to prosecute suspect | On or near Phillips Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Phillips Avenue |