£241,588
This estimated value is based upon the latest sale price for the house of £200,000 on 26 Aug 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £200,000 | 26 Aug 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 August 2020 the House Price Index for WEST MIDLANDS was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £200,000 results in an estimated price of approximately £241,588.
| 26 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £200,000 | £41,588 | £241,588 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 65.683 % | £131,365 | £331,365 |
| 3 Month Average | 48.468 % | £96,936 | £296,936 |
| 6 Month Average | 27.077 % | £54,153 | £254,153 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £386,888 | £375,000 | 71 PENNHOUSE AVENUE |
| 24 Jan 2023 | £350,938 | £350,000 | 29 PENNHOUSE AVENUE |
| 30 Nov 2022 | £253,813 | £255,000 | 89 PENNHOUSE AVENUE |
| 21 Nov 2022 | £318,461 | £319,950 | 2 HOPSTONE GARDENS |
| 4 Nov 2022 | £318,511 | £320,000 | 53 PENNHOUSE AVENUE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 29 Nov 2019. Using an estimated price of £241,588 means this house is valued at £2,345 per sq meter (£217 per sq foot).
The average size of a house on WELLS ROAD is 115 sq meters (1,239 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Wells Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pennhouse Avenue |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hopstone Gardens |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hopstone Gardens |