£114,903
This estimated value is based upon the latest sale price for the house of £93,000 on 5 Nov 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£93,000 | 5 Nov 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 69 sq meters or 742 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 November 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £93,000 results in an estimated price of approximately £114,903.
5 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.552 % | £93,000 | £21,903 | £114,903 |
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 | 99.263 % | £92,314 | £185,314 |
3 Month Average | 26.330 % | £24,486 | £117,486 |
6 Month Average | 25.897 % | £24,084 | £117,084 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Apr 2024 | £116,007 | £115,000 | 21 MARNEL COURT GAIL PARK |
27 Oct 2023 | £120,231 | £117,500 | 20 MARNEL COURT GAIL PARK |
29 Aug 2023 | £364,575 | £358,000 | 16 CHESTNUT WAY |
21 Apr 2023 | £86,620 | £85,000 | 27 GAIL PARK |
13 Jan 2023 | £160,429 | £160,000 | 30 MARNEL DRIVE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 6 Sep 2019. Using an estimated price of £114,904 means this house is valued at £1,665 per sq meter (£154 per sq foot).
The average size of a house on GAIL PARK is 76 sq meters (818 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Other theft | Unable to prosecute suspect | On or near Marnel Drive |
May 2024 | Possession of weapons | Under investigation | On or near Marnel Drive |
Apr 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Trysull Road |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodland Crescent |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Woodland Crescent |