£147,877
This estimated value is based upon the latest sale price for the house of £120,000 on 19 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £120,000 | 19 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 October 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £120,000 results in an estimated price of approximately £147,877.
| 19 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £120,000 | £27,877 | £147,877 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 63.030 % | £75,636 | £195,636 |
| 3 Month Average | 27.460 % | £32,952 | £152,952 |
| 6 Month Average | 28.152 % | £33,782 | £153,782 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £183,720 | £181,000 | 29 MARBURY DRIVE |
| 6 Jul 2023 | £233,138 | £230,000 | 5 LUNT PLACE |
| 12 Apr 2022 | £236,854 | £230,000 | 81 MARBURY DRIVE |
| 21 Jan 2022 | £126,289 | £120,000 | 178 LUNT ROAD |
| 4 Nov 2021 | £270,378 | £250,000 | 81 BICKLEY ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 6 Aug 2018. Using an estimated price of £147,877 means this house is valued at £2,174 per sq meter (£202 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Johnson Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Johnson Place |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kempthorne Road |
| Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Tramway Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tramway Close |