£1,381,200
This estimated value is based upon the latest sale price for the house of £230,000 on 13 Oct 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,000 | 13 Oct 2023 |
| £150,000 | 5 Jul 2006 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 2023 the House Price Index for WEST MIDLANDS was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £230,000 results in an estimated price of approximately £1,381,200.
| 13 Oct 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £230,000 | £1,151,200 | £1,381,200 |
The Postcode Pricing Model uses changes in average sales price within the B33 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 | 120.347 % | £276,797 | £506,797 |
| 3 Month Average | -21.911 % | £-50,394 | £179,605 |
| 6 Month Average | -3.099 % | £-7,127 | £222,872 |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 27 Apr 2016.
The average size of a house on GRESSEL LANE is 78 sq meters (840 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Waterford Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Waterford Place |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Kyngsford Road |
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Kyngsford Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Kyngsford Road |