£242,951
This estimated value is based upon the latest sale price for the house of £105,000 on 23 Jul 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £105,000 | 23 Jul 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 July 2003 the House Price Index for WEST MIDLANDS was 64.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 131.382%.Applying this 131.382% change to the original purchase price of £105,000 results in an estimated price of approximately £242,951.
| 23 Jul 2003 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.0 | 131.382 % | £105,000 | £137,951 | £242,951 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 113.471 % | £119,144 | £224,144 |
| 3 Month Average | 71.244 % | £74,806 | £179,806 |
| 6 Month Average | 93.722 % | £98,408 | £203,408 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £382,231 | £375,000 | 71 PENNHOUSE AVENUE |
| 24 Jan 2023 | £346,952 | £350,000 | 29 PENNHOUSE AVENUE |
| 30 Nov 2022 | £250,931 | £255,000 | 89 PENNHOUSE AVENUE |
| 4 Nov 2022 | £314,894 | £320,000 | 53 PENNHOUSE AVENUE |
| 30 Jun 2022 | £343,481 | £340,000 | 52 WELLS ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 31 Jul 2018. Using an estimated price of £242,952 means this house is valued at £2,612 per sq meter (£242 per sq foot).
The average size of a house on PENNHOUSE AVENUE is 118 sq meters (1,271 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Pennhouse Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Osborne Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grosvenor Park |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grosvenor Park |