£289,530
This estimated value is based upon the latest sale price for the house of £225,000 on 26 May 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £225,000 | 26 May 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 May 2017 the House Price Index for WEST MIDLANDS was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £225,000 results in an estimated price of approximately £289,530.
| 26 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £225,000 | £64,530 | £289,530 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 51.341 % | £115,516 | £340,516 |
| 3 Month Average | 25.604 % | £57,609 | £282,609 |
| 6 Month Average | 30.691 % | £69,055 | £294,055 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £302,648 | £300,000 | 8 YEW TREE LANE |
| 21 Apr 2023 | £319,439 | £316,000 | 3 YEW TREE LANE |
| 15 Feb 2023 | £499,664 | £500,000 | 15 WERGS HALL ROAD |
| 30 Jan 2023 | £457,843 | £460,000 | 5 WERGS DRIVE |
| 23 Jan 2023 | £490,689 | £493,000 | 32 CRANMERE AVENUE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 3 Jan 2017. Using an estimated price of £289,531 means this house is valued at £3,809 per sq meter (£353 per sq foot).
The average size of a house on WERGS ROAD is 204 sq meters (2,202 sq feet).
This house is the smallest in the street with a floor area of 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wergs Hall Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wergs Hall Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cranmere Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cranmere Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Popes Lane |