£389,767
This estimated value is based upon the latest sale price for the house of £212,000 on 12 Jul 2005. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £212,000 | 12 Jul 2005 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 2005 the House Price Index for WEST MIDLANDS was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £212,000 results in an estimated price of approximately £389,767.
| 12 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £212,000 | £177,767 | £389,767 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | 51.044 % | £108,214 | £320,214 |
| 3 Month Average | 32.446 % | £68,785 | £280,785 |
| 6 Month Average | 41.818 % | £88,654 | £300,654 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £284,208 | £280,000 | 5 ELMSTEAD WOOD |
| 9 Jun 2023 | £475,763 | £470,000 | 483 SUTTON ROAD |
| 3 Mar 2023 | £464,375 | £460,000 | 1 GROVE HILL |
| 1 Mar 2023 | £444,185 | £440,000 | 302 SKIP LANE |
| 23 Feb 2023 | £404,228 | £404,500 | 479 SUTTON ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 4 May 2016. Using an estimated price of £389,768 means this house is valued at £3,480 per sq meter (£323 per sq foot).
The average size of a house on ELMSTEAD CLOSE is 123 sq meters (1,326 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Robbery | Under investigation | On or near Elmstead Wood |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Elmstead Wood |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Elmstead Wood |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elmstead Wood |
| Jan 2024 | Robbery | Under investigation | On or near Elmstead Wood |