£179,586
This estimated value is based upon the latest sale price for the house of £47,500 on 2 Jun 2000. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£47,500 | 2 Jun 2000 |
Detached |
Freehold |
Floor Area: 114 sq meters or 1,227 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 June 2000 the House Price Index for WEST MIDLANDS was 39.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 278.076%.Applying this 278.076% change to the original purchase price of £47,500 results in an estimated price of approximately £179,586.
2 Jun 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
39.6 | 149.7 | 278.076 % | £47,500 | £132,086 | £179,586 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 277.214 % | £131,676 | £179,176 |
3 Month Average | 235.962 % | £112,082 | £159,582 |
6 Month Average | 250.198 % | £118,843 | £166,343 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Mar 2023 | £152,548 | £150,000 | 18 HALL PARK STREET |
13 Jan 2023 | £162,434 | £162,000 | 155 WELLINGTON ROAD |
3 Feb 2022 | £181,711 | £172,000 | 242 WELLINGTON ROAD |
26 Nov 2021 | £108,952 | £100,000 | 222 WELLINGTON ROAD |
14 Oct 2021 | £119,270 | £107,000 | 35 HALL PARK STREET |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 15 Aug 2016. Using an estimated price of £179,586 means this house is valued at £1,575 per sq meter (£146 per sq foot).
The average size of a house on WELLINGTON ROAD is 125 sq meters (1,352 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Further/Higher Educational Building |
Jul 2024 | Anti-social behaviour | On or near Further/Higher Educational Building | |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Further/Higher Educational Building |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Further/Higher Educational Building |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Further/Higher Educational Building |