£186,450
This estimated value is based upon the latest sale price for the house of £127,000 on 12 Mar 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £127,000 | 12 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2015 the House Price Index for WEST MIDLANDS was 100.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 46.812%.Applying this 46.812% change to the original purchase price of £127,000 results in an estimated price of approximately £186,450.
| 12 Mar 2015 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.0 | 46.812 % | £127,000 | £59,450 | £186,450 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 58.123 % | £73,816 | £200,816 |
| 3 Month Average | 37.615 % | £47,770 | £174,770 |
| 6 Month Average | 36.784 % | £46,716 | £173,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Feb 2023 | £206,026 | £207,000 | 20 WOODEND PLACE |
| 9 Jan 2023 | £242,867 | £245,000 | 32 PENK RISE |
| 29 Jul 2022 | £239,676 | £240,000 | 12 PENK RISE |
| 19 May 2022 | £204,033 | £201,000 | 46 SCHOOL ROAD |
| 4 May 2022 | £238,546 | £235,000 | 36 PENK RISE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 19 May 2014. Using an estimated price of £186,451 means this house is valued at £2,301 per sq meter (£213 per sq foot).
The average size of a house on PENK RISE is 91 sq meters (985 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Penk Rise |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Crescent |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rising Brook |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodhouse Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodhouse Road |