£244,499
This estimated value is based upon the latest sale price for the house of £245,000 on 5 Jun 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £245,000 | 5 Jun 2023 |
| £167,500 | 26 Aug 2016 |
| £121,000 | 5 Jan 2016 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 June 2023 the House Price Index for WEST MIDLANDS was 147.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.204%.Applying this -0.204% change to the original purchase price of £245,000 results in an estimated price of approximately £244,499.
| 5 Jun 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 146.7 | -0.204 % | £245,000 | £-500 | £244,499 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | -31.083 % | £-76,152 | £168,847 |
| 3 Month Average | -1.900 % | £-4,655 | £240,344 |
| 6 Month Average | 4.113 % | £10,077 | £255,077 |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 14 Oct 2015.
The average size of a house on WATER MILL CLOSE is 115 sq meters (1,239 sq feet).
This house is the smallest in the street with a floor area of 75 sq meters (807 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Water Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Water Street |
| Feb 2024 | Anti-social behaviour | On or near Water Street | |
| Feb 2024 | Anti-social behaviour | On or near Water Street | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Water Street |