£153,309
This estimated value is based upon the latest sale price for the house of £75,000 on 23 Apr 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £75,000 | 23 Apr 2004 |
| £35,000 | 16 Jan 1995 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 April 2004 the House Price Index for WEST MIDLANDS was 72.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 104.412%.Applying this 104.412% change to the original purchase price of £75,000 results in an estimated price of approximately £153,309.
| 23 Apr 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 148.6 | 104.412 % | £75,000 | £78,309 | £153,309 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 110.239 % | £82,679 | £157,679 |
| 3 Month Average | 60.108 % | £45,080 | £120,080 |
| 6 Month Average | 57.550 % | £43,162 | £118,162 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £130,279 | £128,000 | 84 RAYLEIGH ROAD |
| 30 Nov 2023 | £192,855 | £190,000 | 25 RAYLEIGH ROAD |
| 6 Sep 2023 | £160,553 | £158,500 | 26 NORFOLK ROAD |
| 14 Jun 2023 | £80,981 | £80,000 | 20 NORFOLK ROAD |
| 14 Jun 2023 | £103,251 | £102,000 | 60 NORFOLK ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 23 Oct 2013. Using an estimated price of £153,309 means this house is valued at £1,630 per sq meter (£151 per sq foot).
The average size of a house on NORFOLK ROAD is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rayleigh Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Road |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Rayleigh Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Road |