£201,702
This estimated value is based upon the latest sale price for the house of £186,500 on 18 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £186,500 | 18 Nov 2021 |
| Terraced |
| Freehold |
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 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £186,500 results in an estimated price of approximately £201,702.
| 18 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £186,500 | £15,202 | £201,702 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | -31.996 % | £-59,673 | £126,826 |
| 3 Month Average | -8.409 % | £-15,683 | £170,816 |
| 6 Month Average | 4.621 % | £8,617 | £195,117 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £180,305 | £178,000 | 79 MALT MILL LANE |
| 11 Sep 2023 | £455,828 | £450,000 | UNIT 10 ACORN PARK VERNON ROAD |
| 1 Sep 2023 | £184,357 | £182,000 | 54 MALT MILL LANE |
| 9 Aug 2023 | £232,030 | £230,000 | J C M CONTRACTS LTD VICTORIA ROAD |
| 24 Jul 2023 | £167,251 | £165,000 | 23 VICARAGE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Vernon Close |
| Dec 2023 | Public order | Under investigation | On or near Vernon Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Shopping Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Malt Mill Lane |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Malt Mill Lane |