£120,527
This estimated value is based upon the latest sale price for the house of £70,000 on 31 Mar 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £70,000 | 31 Mar 2012 |
| £70,000 | 10 Jun 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 March 2012 the House Price Index for WEST MIDLANDS was 86.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.182%.Applying this 72.182% change to the original purchase price of £70,000 results in an estimated price of approximately £120,527.
| 31 Mar 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 149.7 | 72.182 % | £70,000 | £50,527 | £120,527 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 146.055 % | £102,238 | £172,238 |
| 3 Month Average | 80.826 % | £56,577 | £126,577 |
| 6 Month Average | 61.322 % | £42,925 | £112,925 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £202,352 | £201,000 | 32 HEATH LANE |
| 15 Feb 2023 | £146,982 | £146,000 | 135 HEATH LANE |
| 14 Oct 2022 | £149,501 | £150,000 | 66 ESSEX AVENUE |
| 1 Jul 2022 | £172,731 | £171,000 | 42 ESSEX AVENUE |
| 25 Jun 2021 | £176,181 | £163,000 | 5 DURHAM DRIVE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 18 Apr 2019. Using an estimated price of £120,527 means this house is valued at £1,417 per sq meter (£131 per sq foot).
The average size of a house on DURHAM DRIVE is 95 sq meters (1,028 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Norfolk Avenue |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Norfolk Avenue |
| Oct 2024 | Other crime | Investigation complete; no suspect identified | On or near Norfolk Avenue |
| Oct 2024 | Possession of weapons | Unable to prosecute suspect | On or near Norfolk Avenue |
| Sep 2024 | Anti-social behaviour | On or near Norfolk Avenue |