£359,115
This estimated value is based upon the latest sale price for the house of £350,000 on 17 Nov 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £350,000 | 17 Nov 2023 |
| £225,000 | 6 Mar 2020 |
| Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 November 2023 the House Price Index for WEST MIDLANDS was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £350,000 results in an estimated price of approximately £359,115.
| 17 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £350,000 | £9,115 | £359,115 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 23.972 % | £83,901 | £433,901 |
| 3 Month Average | 3.241 % | £11,345 | £361,345 |
| 6 Month Average | -0.139 % | £-485 | £349,514 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £285,856 | £278,600 | 46 PAXMEAD CLOSE |
| 17 Nov 2023 | £359,116 | £350,000 | 18 FORELAND WAY |
| 29 Sep 2023 | £296,532 | £289,995 | 63 FORELAND WAY |
| 2 Aug 2023 | £417,531 | £410,000 | 16 LEACREST ROAD |
| 30 Mar 2023 | £305,095 | £300,000 | 17 PAXMEAD CLOSE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 29 May 2019. Using an estimated price of £359,116 means this house is valued at £4,788 per sq meter (£444 per sq foot).
The average size of a house on FORELAND WAY is 96 sq meters (1,041 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Paxmead Close |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Leacrest Road |
| May 2024 | Anti-social behaviour | On or near Leacrest Road | |
| May 2024 | Anti-social behaviour | On or near Leacrest Road | |
| May 2024 | Anti-social behaviour | On or near Leacrest Road |