£316,891
This estimated value is based upon the latest sale price for the house of £255,000 on 14 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £255,000 | 14 Dec 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £255,000 results in an estimated price of approximately £316,891.
| 14 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £255,000 | £61,891 | £316,891 |
The Postcode Pricing Model uses changes in average sales price within the B75 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 | -6.474 % | £-16,507 | £238,492 |
| 3 Month Average | 12.119 % | £30,904 | £285,904 |
| 6 Month Average | 9.992 % | £25,478 | £280,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £302,500 | £302,500 | 24 HOMESTEAD DRIVE |
| 29 Apr 2024 | £363,154 | £360,000 | 7 RANDLE DRIVE |
| 27 Oct 2023 | £335,623 | £328,000 | 23 CARTWRIGHT ROAD |
| 3 Aug 2023 | £173,122 | £170,000 | 47 REDNALL DRIVE |
| 14 Mar 2023 | £371,199 | £365,000 | 138 GRANGE LANE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 23 May 2018. Using an estimated price of £316,891 means this house is valued at £3,817 per sq meter (£354 per sq foot).
The average size of a house on RANDLE DRIVE is 95 sq meters (1,025 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Randle Drive |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Randle Drive |
| Oct 2024 | Vehicle crime | Unable to prosecute suspect | On or near Cartwright Road |
| Sep 2024 | Vehicle crime | Unable to prosecute suspect | On or near Cartwright Road |
| Oct 2024 | Burglary | Under investigation | On or near Homestead Drive |