£346,862
This estimated value is based upon the latest sale price for the house of £300,000 on 4 Dec 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £300,000 | 4 Dec 2020 |
| £255,000 | 21 Apr 2017 |
| £112,500 | 23 Apr 1999 |
| Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 2020 the House Price Index for WEST MIDLANDS was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £300,000 results in an estimated price of approximately £346,862.
| 4 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £300,000 | £46,862 | £346,862 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | 0.632 % | £1,897 | £301,897 |
| 3 Month Average | 24.193 % | £72,578 | £372,578 |
| 6 Month Average | 32.573 % | £97,719 | £397,719 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Oct 2022 | £271,593 | £272,500 | 38 ILLEY CLOSE |
| 8 Sep 2022 | £256,828 | £257,000 | 47 WOODCOCK CLOSE |
| 24 Jun 2022 | £247,797 | £242,500 | 43 WOODCOCK CLOSE |
| 11 May 2022 | £260,075 | £253,300 | 4 ILLEY CLOSE |
| 11 Apr 2022 | £259,355 | £250,000 | 17 ILLEY CLOSE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 12 Sep 2016. Using an estimated price of £346,863 means this house is valued at £2,866 per sq meter (£266 per sq foot).
The average size of a house on OAKLANDS WAY is 148 sq meters (1,601 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Robbery | Investigation complete; no suspect identified | On or near Illey Close |
| Sep 2024 | Anti-social behaviour | On or near Balaams Wood Drive | |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Balaams Wood Drive |
| Sep 2024 | Anti-social behaviour | On or near Balaams Wood Drive | |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sedgebourne Way |