£767,260
This estimated value is based upon the latest sale price for the house of £475,000 on 25 Oct 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £475,000 | 25 Oct 2013 |
| Detached |
| Freehold |
| Floor Area: 223 sq meters or 2,400 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 October 2013 the House Price Index for WEST MIDLANDS was 90.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 61.528%.Applying this 61.528% change to the original purchase price of £475,000 results in an estimated price of approximately £767,260.
| 25 Oct 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 146.7 | 61.528 % | £475,000 | £292,260 | £767,260 |
The Postcode Pricing Model uses changes in average sales price within the DY9 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 | 13.810 % | £65,597 | £540,597 |
| 3 Month Average | 23.060 % | £109,533 | £584,533 |
| 6 Month Average | 40.596 % | £192,831 | £667,831 |
This house has a floor area of 223 sq meters or 2,400 sq feet when measured on 3 Jun 2014.
The average size of a house on PEDMORE HALL LANE is 282 sq meters (3,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferndale Park |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferndale Park |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parish Gardens |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Polo Fields |
| Mar 2024 | Vehicle crime | Under investigation | On or near Bank Farm Close |