£529,993
This estimated value is based upon the latest sale price for the house of £525,000 on 29 Mar 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £525,000 | 29 Mar 2023 |
| £249,999 | 2 May 2012 |
| £249,950 | 5 Aug 2004 |
| £185,950 | 28 Oct 2002 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,361 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 2023 the House Price Index for WEST MIDLANDS was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £525,000 results in an estimated price of approximately £529,993.
| 29 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.6 | 0.951 % | £525,000 | £4,993 | £529,993 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 49.216 % | £258,383 | £783,383 |
| 3 Month Average | -6.688 % | £-35,110 | £489,889 |
| 6 Month Average | 2.177 % | £11,428 | £536,428 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £182,331 | £180,000 | 2 HENSEL DRIVE |
| 29 Mar 2023 | £529,993 | £525,000 | 18 WESTFIELD GROVE |
| 14 Feb 2023 | £275,814 | £276,000 | 44 GLENDALE CLOSE |
| 26 Jan 2023 | £258,781 | £260,000 | 24 OAK HILL |
| 20 Jan 2023 | £288,640 | £290,000 | 9 OAK LEYS |
This house has a floor area of 126 sq meters or 1,361 sq feet when measured on 16 Feb 2010. Using an estimated price of £529,993 means this house is valued at £4,189 per sq meter (£389 per sq foot).
The average size of a house on WESTFIELD GROVE is 190 sq meters (2,055 sq feet).
This house is the smallest in the street with a floor area of 126 sq meters (1,361 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Westfield Grove |
| Mar 2024 | Anti-social behaviour | On or near Hensel Drive | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hensel Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Hensel Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farm Road |