£226,086
This estimated value is based upon the latest sale price for the house of £134,000 on 30 Jul 2010. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £134,000 | 30 Jul 2010 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 740 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 July 2010 the House Price Index for WEST MIDLANDS was 87.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 68.721%.Applying this 68.721% change to the original purchase price of £134,000 results in an estimated price of approximately £226,086.
| 30 Jul 2010 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.0 | 68.721 % | £134,000 | £92,086 | £226,086 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 7.554 % | £10,122 | £144,122 |
| 3 Month Average | 43.804 % | £58,697 | £192,697 |
| 6 Month Average | 71.980 % | £96,453 | £230,453 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £217,796 | £215,000 | 10 WILLETT ROAD |
| 22 Nov 2023 | £322,136 | £318,000 | 45 THURSFIELD ROAD |
| 29 Aug 2023 | £296,805 | £295,000 | 26 PENNYHILL LANE |
| 23 Jun 2023 | £362,943 | £360,000 | 18 HAYPITS CLOSE |
| 20 Jun 2022 | £321,256 | £318,000 | 61 HOPKINS DRIVE |
This house has a floor area of 68 sq meters or 740 sq feet when measured on 27 Feb 2010. Using an estimated price of £226,086 means this house is valued at £3,284 per sq meter (£305 per sq foot).
The average size of a house on PENNYHILL LANE is 111 sq meters (1,203 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Hopkins Drive |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near David Harman Drive |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near David Harman Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near David Harman Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near David Harman Drive |