£388,931
This estimated value is based upon the latest sale price for the house of £243,500 on 8 Jan 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £243,500 | 8 Jan 2014 |
| £75,000 | 19 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 194 sq meters or 2,088 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 January 2014 the House Price Index for WEST MIDLANDS was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £243,500 results in an estimated price of approximately £388,931.
| 8 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £243,500 | £145,431 | £388,931 |
The Postcode Pricing Model uses changes in average sales price within the B29 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 | 64.589 % | £157,273 | £400,773 |
| 3 Month Average | 59.340 % | £144,494 | £387,994 |
| 6 Month Average | 82.844 % | £201,724 | £445,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £274,815 | £275,000 | 54 WELLMAN CROFT |
| 17 Feb 2023 | £16,239 | £16,250 | 70 WELLMAN CROFT |
| 30 Jan 2023 | £258,781 | £260,000 | 11 FREDERICK ROAD |
| 30 Sep 2022 | £277,757 | £280,000 | 9 LODGE HILL ROAD |
| 2 Sep 2022 | £247,997 | £250,000 | 17 FREDERICK ROAD |
This house has a floor area of 194 sq meters or 2,088 sq feet when measured on 16 Nov 2015. Using an estimated price of £388,931 means this house is valued at £2,004 per sq meter (£186 per sq foot).
The average size of a house on WELLMAN CROFT is 85 sq meters (921 sq feet).
This house is the largest in the street with a floor area of 194 sq meters (2,088 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wellman Croft |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wellman Croft |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellman Croft |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wellman Croft |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellman Croft |