£320,016
This estimated value is based upon the latest sale price for the house of £149,950 on 8 Jan 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £149,950 | 8 Jan 2004 |
| £100,000 | 30 Jul 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 January 2004 the House Price Index for WEST MIDLANDS was 69.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 113.416%.Applying this 113.416% change to the original purchase price of £149,950 results in an estimated price of approximately £320,016.
| 8 Jan 2004 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 148.0 | 113.416 % | £149,950 | £170,066 | £320,016 |
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 | -32.395 % | £-48,576 | £101,373 |
| 3 Month Average | 70.750 % | £106,089 | £256,039 |
| 6 Month Average | 61.427 % | £92,109 | £242,059 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jan 2023 | £292,927 | £295,500 | 23 CHESTNUT WAY |
| 31 Oct 2022 | £367,537 | £373,000 | 22 FIR TREE ROAD |
| 22 Jul 2022 | £328,556 | £329,000 | 3 WOODLAND CRESCENT |
| 24 Jun 2022 | £386,416 | £382,500 | 87 UPLANDS AVENUE |
| 1 Apr 2022 | £312,820 | £305,000 | 10 CHESTNUT WAY |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 24 Jul 2014. Using an estimated price of £320,017 means this house is valued at £4,324 per sq meter (£401 per sq foot).
The average size of a house on FIR TREE ROAD is 118 sq meters (1,280 sq feet).
This house is the smallest in the street with a floor area of 74 sq meters (796 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Fir Tree Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fir Tree Road |
| Apr 2024 | Drugs | Under investigation | On or near Chestnut Way |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Woodland Crescent |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Woodland Crescent |