£469,502
This estimated value is based upon the latest sale price for the house of £440,000 on 6 Dec 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £440,000 | 6 Dec 2021 |
| Detached |
| Freehold |
| Floor Area: 178 sq meters or 1,915 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 December 2021 the House Price Index for WEST MIDLANDS was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £440,000 results in an estimated price of approximately £469,502.
| 6 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.0 | 6.705 % | £440,000 | £29,502 | £469,502 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | -36.307 % | £-159,749 | £280,250 |
| 3 Month Average | -6.575 % | £-28,928 | £411,071 |
| 6 Month Average | -6.838 % | £-30,085 | £409,914 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £248,511 | £247,000 | 10 MANCROFT ROAD |
| 6 Jan 2023 | £252,730 | £254,950 | 19 REDHOUSE ROAD |
| 14 Oct 2022 | £492,676 | £500,000 | 49 WROTTESLEY ROAD |
| 22 Aug 2022 | £238,389 | £240,000 | 40 MANCROFT ROAD |
| 1 Jul 2022 | £249,663 | £250,000 | 12 MANCROFT ROAD |
This house has a floor area of 178 sq meters or 1,915 sq feet when measured on 7 Jul 2021. Using an estimated price of £469,503 means this house is valued at £2,637 per sq meter (£245 per sq foot).
The average size of a house on REDHOUSE ROAD is 146 sq meters (1,575 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mancroft Gardens |
| Jan 2024 | Robbery | Under investigation | On or near Regis Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Brookfield Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brookfield Road |
| Mar 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Froyle Close |