£185,432
This estimated value is based upon the latest sale price for the house of £146,000 on 25 Aug 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £146,000 | 25 Aug 2017 |
| Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 August 2017 the House Price Index for WEST MIDLANDS was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £146,000 results in an estimated price of approximately £185,432.
| 25 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £146,000 | £39,432 | £185,432 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 74.957 % | £109,437 | £255,437 |
| 3 Month Average | 43.436 % | £63,415 | £209,415 |
| 6 Month Average | 27.551 % | £40,224 | £186,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £101,295 | £100,000 | 3 BENTON CLOSE |
| 18 Aug 2023 | £252,206 | £250,000 | 7 BROOKTHORPE DRIVE |
| 26 Jun 2023 | £298,617 | £295,000 | 3 REDSAND CLOSE |
| 21 Apr 2023 | £152,644 | £151,000 | 21 OAKRIDGE DRIVE |
| 9 Aug 2022 | £219,409 | £220,000 | 406 STROUD AVENUE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 5 Jun 2017. Using an estimated price of £185,433 means this house is valued at £2,943 per sq meter (£273 per sq foot).
The average size of a house on OAKRIDGE DRIVE is 75 sq meters (813 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redsand Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Oakridge Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Brookthorpe Drive |
| Mar 2024 | Burglary | Under investigation | On or near Brookthorpe Drive |
| Mar 2024 | Anti-social behaviour | On or near Brookthorpe Drive |