£556,901
This estimated value is based upon the latest sale price for the house of £370,000 on 10 Sep 2014. 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 | 10 Sep 2014 |
| Detached |
| Freehold |
| Floor Area: 192 sq meters or 2,066 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 2014 the House Price Index for WEST MIDLANDS was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £370,000 results in an estimated price of approximately £556,901.
| 10 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £370,000 | £186,901 | £556,901 |
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 | 149.515 % | £553,206 | £923,206 |
| 3 Month Average | 12.044 % | £44,561 | £414,561 |
| 6 Month Average | 14.171 % | £52,431 | £422,431 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £275,000 | £275,000 | 5 THE SPINNEY |
| 28 Jun 2023 | £313,801 | £310,000 | 11 THE PINES |
| 3 Feb 2023 | £349,765 | £350,000 | 2 THE SPINNEY |
| 18 May 2022 | £637,003 | £625,000 | 7 FINCHFIELD HILL |
| 21 Jan 2022 | £299,936 | £285,000 | 32 ASHFIELD ROAD |
This house has a floor area of 192 sq meters or 2,066 sq feet when measured on 29 Sep 2014. Using an estimated price of £556,901 means this house is valued at £2,900 per sq meter (£269 per sq foot).
The average size of a house on THE PARKLANDS is 176 sq meters (1,902 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Finchfield Hill |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Finchfield Hill |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Pines |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ashfield Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Willow Bank |