£310,213
This estimated value is based upon the latest sale price for the house of £262,500 on 5 Oct 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £262,500 | 5 Oct 2020 |
| £240,000 | 11 Dec 2017 |
| Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 October 2020 the House Price Index for WEST MIDLANDS was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £262,500 results in an estimated price of approximately £310,213.
| 5 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £262,500 | £47,713 | £310,213 |
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 | 84.561 % | £221,973 | £484,473 |
| 3 Month Average | 10.556 % | £27,709 | £290,209 |
| 6 Month Average | 15.277 % | £40,100 | £302,600 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £361,096 | £350,000 | 192 COALWAY ROAD |
| 29 Sep 2023 | £250,523 | £245,000 | 18 HILARY DRIVE |
| 25 Sep 2023 | £233,139 | £228,000 | 241A COALWAY ROAD |
| 5 Sep 2023 | £184,057 | £180,000 | 19 NEW STREET |
| 27 Jan 2023 | £248,664 | £248,000 | 241 COALWAY ROAD |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 31 Mar 2020. Using an estimated price of £310,214 means this house is valued at £2,522 per sq meter (£234 per sq foot).
The average size of a house on COALWAY ROAD is 118 sq meters (1,278 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coalway Gardens |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grendon Gardens |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Grendon Gardens |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Pinfold Grove |