£290,771
This estimated value is based upon the latest sale price for the house of £272,500 on 20 Dec 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £272,500 | 20 Dec 2021 |
| Detached |
| Leasehold |
| Floor Area: 98 sq meters or 1,054 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 December 2021 the House Price Index for WEST MIDLANDS was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £272,500 results in an estimated price of approximately £290,771.
| 20 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.0 | 6.705 % | £272,500 | £18,271 | £290,771 |
The Postcode Pricing Model uses changes in average sales price within the B92 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 | 64.956 % | £177,006 | £449,506 |
| 3 Month Average | -8.952 % | £-24,393 | £248,106 |
| 6 Month Average | 4.512 % | £12,295 | £284,795 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £335,344 | £329,000 | 28 WHEELEY ROAD |
| 1 Dec 2023 | £336,364 | £330,000 | 103 FOREDROVE LANE |
| 31 Jan 2023 | £128,818 | £129,950 | 64 FOREDROVE LANE |
| 9 Nov 2022 | £383,777 | £390,000 | 51 WHARTON AVENUE |
| 21 Oct 2022 | £216,778 | £220,000 | 116 FOREDROVE LANE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 27 Jul 2021. Using an estimated price of £290,771 means this house is valued at £2,967 per sq meter (£275 per sq foot).
The average size of a house on WHEELEY ROAD is 97 sq meters (1,050 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeley Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeley Road |
| Jan 2024 | Anti-social behaviour | On or near Wheeley Road | |
| Jan 2024 | Anti-social behaviour | On or near Wheeley Road | |
| Jan 2024 | Anti-social behaviour | On or near Wheeley Road |