£427,633
This estimated value is based upon the latest sale price for the house of £350,000 on 3 Dec 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £350,000 | 3 Dec 2019 |
| Detached |
| Freehold |
| Floor Area: 164 sq meters or 1,765 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 2019 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.181%.Applying this 22.181% change to the original purchase price of £350,000 results in an estimated price of approximately £427,633.
| 3 Dec 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.181 % | £350,000 | £77,633 | £427,633 |
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 | -24.131 % | £-84,458 | £265,541 |
| 3 Month Average | -7.492 % | £-26,220 | £323,779 |
| 6 Month Average | 6.742 % | £23,596 | £373,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £382,231 | £375,000 | 71 PENNHOUSE AVENUE |
| 24 Jan 2023 | £346,952 | £350,000 | 29 PENNHOUSE AVENUE |
| 30 Nov 2022 | £250,931 | £255,000 | 89 PENNHOUSE AVENUE |
| 4 Nov 2022 | £314,894 | £320,000 | 53 PENNHOUSE AVENUE |
| 30 Jun 2022 | £343,481 | £340,000 | 52 WELLS ROAD |
This house has a floor area of 164 sq meters or 1,765 sq feet when measured on 27 Apr 2019. Using an estimated price of £427,634 means this house is valued at £2,607 per sq meter (£242 per sq foot).
The average size of a house on WELLS ROAD is 115 sq meters (1,239 sq feet).
This house is the largest in the street with a floor area of 164 sq meters (1,765 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hopstone Gardens |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grosvenor Park |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grosvenor Park |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Linton Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Woodhall Road |