£251,736
This estimated value is based upon the latest sale price for the house of £185,000 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £185,000 | 24 Mar 2016 |
| £65,950 | 7 Jul 2000 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 March 2016 the House Price Index for WEST MIDLANDS was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £185,000 results in an estimated price of approximately £251,736.
| 24 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £185,000 | £66,736 | £251,736 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | 50.491 % | £93,407 | £278,407 |
| 3 Month Average | 44.850 % | £82,971 | £267,971 |
| 6 Month Average | 49.455 % | £91,490 | £276,490 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £287,293 | £280,000 | 55 PARK ROAD |
| 22 Jun 2023 | £234,703 | £230,000 | 24 WHITMORE ROAD |
| 2 Aug 2022 | £457,138 | £455,000 | 48 PARK ROAD |
| 22 Jul 2022 | £394,957 | £391,000 | 37 PARK ROAD |
| 30 May 2022 | £362,995 | £353,538 | 2 PALFREY ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 25 Jan 2016. Using an estimated price of £251,736 means this house is valued at £2,330 per sq meter (£216 per sq foot).
The average size of a house on STUDLEY GATE is 90 sq meters (971 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Palfrey Road |
| Oct 2024 | Anti-social behaviour | On or near Studley Gate | |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palfrey Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Palfrey Road |
| Jul 2024 | Other crime | Under investigation | On or near Palfrey Road |