£233,456
This estimated value is based upon the latest sale price for the house of £230,000 on 17 Nov 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,000 | 17 Nov 2023 |
| £158,000 | 29 Sep 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 November 2023 the House Price Index for WEST MIDLANDS was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £230,000 results in an estimated price of approximately £233,456.
| 17 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £230,000 | £3,456 | £233,456 |
The Postcode Pricing Model uses changes in average sales price within the DY9 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 | -58.047 % | £-133,507 | £96,492 |
| 3 Month Average | -15.155 % | £-34,856 | £195,143 |
| 6 Month Average | -2.150 % | £-4,944 | £225,055 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £233,456 | £230,000 | 2 GROVE ROAD |
| 7 Jul 2023 | £182,456 | £180,000 | 59 WYNALL LANE |
| 15 Jun 2023 | £250,282 | £247,250 | 42 WYNALL LANE |
| 2 Jun 2023 | £146,778 | £145,000 | 51 WYNALL LANE |
| 31 Mar 2023 | £191,807 | £190,000 | 23 WYNALL LANE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 25 Nov 2014. Using an estimated price of £233,456 means this house is valued at £3,198 per sq meter (£297 per sq foot).
The average size of a house on GROVE ROAD is 86 sq meters (931 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Grove Road |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Grove Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Grove Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Oldnall Close |
| Feb 2024 | Anti-social behaviour | On or near Oldnall Close |