£158,610
This estimated value is based upon the latest sale price for the house of £90,000 on 24 Oct 2008. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £90,000 | 24 Oct 2008 |
| Flats/Maisonettes |
| Leasehold |
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 2008 the House Price Index for WEST MIDLANDS was 84.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 76.234%.Applying this 76.234% change to the original purchase price of £90,000 results in an estimated price of approximately £158,610.
| 24 Oct 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.9 | 149.7 | 76.234 % | £90,000 | £68,610 | £158,610 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | 6.274 % | £5,646 | £95,646 |
| 3 Month Average | 30.729 % | £27,656 | £117,656 |
| 6 Month Average | 52.958 % | £47,662 | £137,662 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £208,199 | £205,000 | 49 WATER REED GROVE |
| 1 Mar 2024 | £243,745 | £240,000 | 7 WATER REED GROVE |
| 16 Jun 2023 | £188,783 | £185,000 | 64 WATER REED GROVE |
| 17 Feb 2023 | £233,560 | £232,000 | 23 WATER REED GROVE |
| 9 Nov 2022 | £298,604 | £300,000 | A B A CRANE HIRE LTD REAYMER CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Water Reed Grove |
| Jun 2024 | Anti-social behaviour | On or near Water Reed Grove | |
| Jun 2024 | Anti-social behaviour | On or near Water Reed Grove | |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Water Reed Grove |
| Jun 2024 | Anti-social behaviour | On or near Water Reed Grove |