£330,969
This estimated value is based upon the latest sale price for the house of £325,000 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Palermo Avenue
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| Price Paid | Date |
|---|---|
| £325,000 | 25 Aug 2023 |
| £235,000 | 29 Nov 2006 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 August 2023 the House Price Index for WEST MIDLANDS was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £325,000 results in an estimated price of approximately £330,969.
| 25 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £325,000 | £5,969 | £330,969 |
The Postcode Pricing Model uses changes in average sales price within the CV3 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 | 29.212 % | £94,939 | £419,939 |
| 3 Month Average | 6.506 % | £21,144 | £346,144 |
| 6 Month Average | 6.434 % | £20,908 | £345,908 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £285,781 | £277,000 | 11 OKEHAMPTON ROAD |
| 25 Aug 2023 | £330,969 | £325,000 | 17 CREDITON CLOSE |
| 22 Feb 2023 | £176,177 | £175,000 | 15 CROYDON CLOSE |
| 26 Aug 2022 | £306,433 | £305,000 | 19 OKEHAMPTON ROAD |
| 25 Aug 2022 | £168,287 | £167,500 | 29 CAMPION CLOSE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 20 Apr 2012. Using an estimated price of £330,969 means this house is valued at £3,637 per sq meter (£337 per sq foot).
The average size of a house on CREDITON CLOSE is 99 sq meters (1,073 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Palermo Avenue |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Palermo Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Palermo Avenue |
| Sep 2024 | Drugs | Under investigation | On or near Palermo Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Palermo Avenue |