£272,844
This estimated value is based upon the latest sale price for the house of £165,000 on 30 Aug 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £165,000 | 30 Aug 2013 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 August 2013 the House Price Index for WEST MIDLANDS was 89.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.360%.Applying this 65.360% change to the original purchase price of £165,000 results in an estimated price of approximately £272,844.
| 30 Aug 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.6 | 65.360 % | £165,000 | £107,844 | £272,844 |
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 | 88.442 % | £145,929 | £310,929 |
| 3 Month Average | 31.417 % | £51,838 | £216,838 |
| 6 Month Average | 29.025 % | £47,890 | £212,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £250,000 | £250,000 | 4 THE DINGLE |
| 28 Jul 2023 | £141,859 | £139,950 | 9 SPRUCE WAY |
| 28 Jun 2023 | £313,801 | £310,000 | 11 THE PINES |
| 17 Feb 2023 | £159,892 | £160,000 | 11 WELLER COURT |
| 25 Nov 2022 | £345,811 | £350,000 | 23 THE DINGLE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 23 May 2012. Using an estimated price of £272,844 means this house is valued at £3,065 per sq meter (£284 per sq foot).
The average size of a house on THE SPINNEY is 100 sq meters (1,078 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spruce Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Spruce Way |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Walnut Drive |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Fern Leys |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fern Leys |