£205,465
This estimated value is based upon the latest sale price for the house of £138,000 on 27 Feb 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £138,000 | 27 Feb 2015 |
| Terraced |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 February 2015 the House Price Index for WEST MIDLANDS was 100.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.888%.Applying this 48.888% change to the original purchase price of £138,000 results in an estimated price of approximately £205,465.
| 27 Feb 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 149.7 | 48.888 % | £138,000 | £67,465 | £205,465 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 34.682 % | £47,860 | £185,860 |
| 3 Month Average | 64.421 % | £88,900 | £226,900 |
| 6 Month Average | 63.416 % | £87,514 | £225,514 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £446,000 | £446,000 | 1 OAK TREE CRESCENT |
| 1 Sep 2023 | £286,311 | £280,000 | 111 SHENSTONE VALLEY ROAD |
| 4 Aug 2022 | £326,527 | £325,000 | 80 SHENSTONE VALLEY ROAD |
| 9 Jun 2022 | £385,746 | £377,500 | 3 ALDER GROVE |
| 28 Feb 2022 | £393,002 | £372,000 | 6 ALDER GROVE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 23 Jun 2015. Using an estimated price of £205,466 means this house is valued at £1,521 per sq meter (£141 per sq foot).
The average size of a house on GOWER ROAD is 116 sq meters (1,253 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Shoplifting | Unable to prosecute suspect | On or near Alder Grove |
| Oct 2024 | Shoplifting | Unable to prosecute suspect | On or near Alder Grove |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Alder Grove |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Alder Grove |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Alder Grove |