£140,633
This estimated value is based upon the latest sale price for the house of £90,000 on 31 Aug 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £90,000 | 31 Aug 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 August 2007 the House Price Index for WEST MIDLANDS was 94.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 56.259%.Applying this 56.259% change to the original purchase price of £90,000 results in an estimated price of approximately £140,633.
| 31 Aug 2007 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 148.0 | 56.259 % | £90,000 | £50,633 | £140,633 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 24.333 % | £21,900 | £111,900 |
| 3 Month Average | 11.481 % | £10,332 | £100,332 |
| 6 Month Average | 23.464 % | £21,118 | £111,118 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £90,551 | £90,000 | 616 PARKFIELD ROAD |
| 15 Jun 2023 | £151,138 | £149,913 | 17 SHARON CLOSE |
| 13 Feb 2023 | £228,917 | £230,000 | 30 PARKFIELD CRESCENT |
| 17 Jun 2022 | £141,433 | £140,000 | 13 PARKFIELD CRESCENT |
| 28 Apr 2022 | £200,000 | £195,000 | 34 PARKFIELD CRESCENT |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 1 Oct 2013. Using an estimated price of £140,634 means this house is valued at £1,635 per sq meter (£151 per sq foot).
The average size of a house on PARKFIELD ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near A4039 |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near A4039 |
| Feb 2024 | Burglary | Under investigation | On or near Sharon Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parkfield Crescent |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Parkfield Crescent |