£187,049
This estimated value is based upon the latest sale price for the house of £110,000 on 26 Feb 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £110,000 | 26 Feb 2013 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 February 2013 the House Price Index for WEST MIDLANDS was 88.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.045%.Applying this 70.045% change to the original purchase price of £110,000 results in an estimated price of approximately £187,049.
| 26 Feb 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 149.7 | 70.045 % | £110,000 | £77,049 | £187,049 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 15.705 % | £17,275 | £127,275 |
| 3 Month Average | 78.101 % | £85,911 | £195,911 |
| 6 Month Average | 58.784 % | £64,662 | £174,662 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £180,777 | £178,000 | 19 GORDON AVENUE |
| 30 Nov 2023 | £185,201 | £180,500 | 5 CRAWFORD AVENUE |
| 17 Nov 2023 | £184,688 | £180,000 | 21 GORDON AVENUE |
| 8 Aug 2023 | £178,214 | £175,000 | 9 PRUDEN AVENUE |
| 25 Apr 2023 | £157,954 | £155,000 | 49 HILL AVENUE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 18 Sep 2012. Using an estimated price of £187,050 means this house is valued at £2,101 per sq meter (£195 per sq foot).
The average size of a house on GORDON AVENUE is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Gordon Avenue |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Crawford Avenue |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pruden Avenue |
| Jul 2024 | Public order | Under investigation | On or near Pruden Avenue |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Pruden Avenue |