£245,627
This estimated value is based upon the latest sale price for the house of £193,950 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £193,950 | 15 Dec 2017 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2017 the House Price Index for WEST MIDLANDS was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £193,950 results in an estimated price of approximately £245,627.
| 15 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £193,950 | £51,677 | £245,627 |
The Postcode Pricing Model uses changes in average sales price within the DY1 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 | 21.011 % | £40,751 | £234,701 |
| 3 Month Average | 47.277 % | £91,694 | £285,644 |
| 6 Month Average | 46.010 % | £89,236 | £283,186 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Oct 2023 | £296,740 | £290,000 | 8 MESSITER WAY |
| 12 Oct 2023 | £255,810 | £250,000 | 2 MESSITER WAY |
| 16 Jun 2023 | £158,170 | £155,000 | 17 BUTLER CLOSE |
| 6 Apr 2023 | £152,859 | £150,000 | 385 BIRMINGHAM NEW ROAD |
| 16 Jan 2023 | £145,388 | £145,000 | 309 BIRMINGHAM NEW ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 3 Nov 2017. Using an estimated price of £245,627 means this house is valued at £2,791 per sq meter (£259 per sq foot).
The average size of a house on MESSITER WAY is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Butler Close |
| Aug 2024 | Other crime | Under investigation | On or near Guest Avenue |
| Aug 2024 | Vehicle crime | Unable to prosecute suspect | On or near Hospital |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Mallows Grove |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mallows Grove |