£397,243
This estimated value is based upon the latest sale price for the house of £320,000 on 16 Nov 2018. 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 Parkwood Drive
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| Price Paid | Date |
|---|---|
| £320,000 | 16 Nov 2018 |
| £200,000 | 29 Aug 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 November 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £320,000 results in an estimated price of approximately £397,243.
| 16 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.139 % | £320,000 | £77,243 | £397,243 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | 0.671 % | £2,148 | £322,148 |
| 3 Month Average | -1.379 % | £-4,412 | £315,587 |
| 6 Month Average | 22.651 % | £72,482 | £392,482 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £257,000 | £257,000 | 7 HONILEY DRIVE |
| 22 Feb 2023 | £268,796 | £267,000 | 58 HONILEY DRIVE |
| 14 Oct 2022 | £227,739 | £228,500 | 15 LEAMOUNT DRIVE |
| 7 Sep 2022 | £279,813 | £280,000 | 19 LEAMOUNT DRIVE |
| 8 Jul 2022 | £535,364 | £530,000 | 17 PARKWOOD DRIVE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 18 May 2016. Using an estimated price of £397,244 means this house is valued at £5,441 per sq meter (£505 per sq foot).
The average size of a house on PARKWOOD DRIVE is 123 sq meters (1,326 sq feet).
This house is the smallest in the street with a floor area of 73 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parkwood Drive |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Parkwood Drive |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Roylesden Crescent |
| Jun 2024 | Drugs | Under investigation | On or near Roylesden Crescent |
| Jun 2024 | Vehicle crime | Unable to prosecute suspect | On or near Roylesden Crescent |