£577,575
This estimated value is based upon the latest sale price for the house of £370,000 on 27 Sep 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £370,000 | 27 Sep 2007 |
| Detached |
| Freehold |
| Floor Area: 188 sq meters or 2,023 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 September 2007 the House Price Index for WEST MIDLANDS was 95.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.101%.Applying this 56.101% change to the original purchase price of £370,000 results in an estimated price of approximately £577,575.
| 27 Sep 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.2 | 148.6 | 56.101 % | £370,000 | £207,575 | £577,575 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 91.498 % | £338,542 | £708,542 |
| 3 Month Average | 42.160 % | £155,990 | £525,990 |
| 6 Month Average | 48.754 % | £180,387 | £550,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £320,500 | £320,500 | 148 BRIDGNORTH ROAD |
| 9 Nov 2023 | £355,260 | £350,000 | 12 TORVALE ROAD |
| 14 Jun 2023 | £703,522 | £695,000 | 43 MOUNT ROAD |
| 28 Apr 2023 | £815,278 | £806,500 | 45 GROVE LANE |
| 28 Apr 2023 | £404,303 | £399,950 | 56 MOUNT ROAD |
This house has a floor area of 188 sq meters or 2,023 sq feet when measured on 16 Sep 2019. Using an estimated price of £577,575 means this house is valued at £3,072 per sq meter (£285 per sq foot).
The average size of a house on TORVALE ROAD is 135 sq meters (1,462 sq feet).
This house is the largest in the street with a floor area of 188 sq meters (2,023 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Bridgnorth Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tor Lodge Drive |
| Feb 2024 | Vehicle crime | Under investigation | On or near Tor Lodge Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tor Lodge Drive |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Wightwick Grove |