£183,114
This estimated value is based upon the latest sale price for the house of £170,000 on 11 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £170,000 | 11 Nov 2021 |
| £131,950 | 28 Feb 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 November 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.715%.Applying this 7.715% change to the original purchase price of £170,000 results in an estimated price of approximately £183,114.
| 11 Nov 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.0 | 7.715 % | £170,000 | £13,114 | £183,114 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | -76.267 % | £-129,654 | £40,345 |
| 3 Month Average | -9.714 % | £-16,513 | £153,486 |
| 6 Month Average | -13.380 % | £-22,745 | £147,254 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £141,286 | £139,950 | 9 SPRUCE WAY |
| 28 Jun 2023 | £312,534 | £310,000 | 11 THE PINES |
| 17 Feb 2023 | £159,247 | £160,000 | 11 WELLER COURT |
| 23 Jan 2023 | £282,518 | £285,000 | 15 SYCAMORE DRIVE |
| 11 Aug 2022 | £148,993 | £150,000 | 4 SPRUCE WAY |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 7 Jun 2019. Using an estimated price of £183,115 means this house is valued at £2,409 per sq meter (£223 per sq foot).
The average size of a house on WELLER COURT is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Walnut Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spruce Way |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Pines |
| Apr 2024 | Shoplifting | Under investigation | On or near Fern Leys |
| Apr 2024 | Burglary | Under investigation | On or near Fern Leys |