£332,442
This estimated value is based upon the latest sale price for the house of £269,000 on 18 Dec 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £269,000 | 18 Dec 2019 |
| £87,500 | 3 Sep 1999 |
| £72,000 | 25 Oct 1996 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 December 2019 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £269,000 results in an estimated price of approximately £332,442.
| 18 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £269,000 | £63,442 | £332,442 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 89.658 % | £241,179 | £510,179 |
| 3 Month Average | 23.444 % | £63,065 | £332,065 |
| 6 Month Average | 19.011 % | £51,139 | £320,139 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £302,683 | £295,000 | 81 VICTORIA ROAD |
| 31 Oct 2023 | £266,042 | £260,000 | 179 COALWAY ROAD |
| 11 Sep 2023 | £164,118 | £160,500 | 115 VICTORIA ROAD |
| 5 Aug 2022 | £254,189 | £253,000 | 101 OXBARN AVENUE |
| 15 Jul 2022 | £202,024 | £200,000 | 127 VICTORIA ROAD |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 24 May 2017. Using an estimated price of £332,442 means this house is valued at £2,659 per sq meter (£247 per sq foot).
The average size of a house on COALWAY ROAD is 118 sq meters (1,278 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Myrtle Grove |
| May 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| May 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| May 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Billy Wright Close |