£375,634
This estimated value is based upon the latest sale price for the house of £350,000 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Springfield Crescent
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| Price Paid | Date |
|---|---|
| £350,000 | 24 Sep 2021 |
| £295,000 | 2 Jul 2018 |
| £172,000 | 27 Jun 2008 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 2021 the House Price Index for WEST MIDLANDS was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £350,000 results in an estimated price of approximately £375,634.
| 24 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £350,000 | £25,634 | £375,634 |
The Postcode Pricing Model uses changes in average sales price within the B92 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 | -9.133 % | £-31,964 | £318,035 |
| 3 Month Average | -15.714 % | £-54,999 | £295,000 |
| 6 Month Average | -3.482 % | £-12,188 | £337,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £353,342 | £350,000 | 25 ARDEN CROFT |
| 15 Jul 2022 | £249,663 | £250,000 | 38 VALLEY ROAD |
| 1 Mar 2022 | £107,852 | £104,500 | 16 MARLBROOK CLOSE |
| 14 Jan 2022 | £272,521 | £260,000 | 21 SPRINGFIELD CRESCENT |
| 18 Nov 2021 | £177,729 | £165,000 | 15 MARLBROOK CLOSE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 12 Mar 2018. Using an estimated price of £375,635 means this house is valued at £3,156 per sq meter (£293 per sq foot).
The average size of a house on VALLEY ROAD is 92 sq meters (999 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springfield Crescent |
| Mar 2024 | Vehicle crime | Awaiting court outcome | On or near Springfield Crescent |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springfield Crescent |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Springfield Crescent |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arden Croft |