£525,242
This estimated value is based upon the latest sale price for the house of £216,500 on 14 Mar 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £216,500 | 14 Mar 2003 |
| £91,500 | 19 Jan 1996 |
| Detached |
| Freehold |
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 March 2003 the House Price Index for WEST MIDLANDS was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £216,500 results in an estimated price of approximately £525,242.
| 14 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 148.6 | 142.606 % | £216,500 | £308,742 | £525,242 |
The Postcode Pricing Model uses changes in average sales price within the DY6 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 | 21.267 % | £46,042 | £262,542 |
| 3 Month Average | 92.787 % | £200,883 | £417,383 |
| 6 Month Average | 115.263 % | £249,543 | £466,043 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £116,489 | £115,000 | FLAT 6 SOUTH DOWN COURT PENZER STREET |
| 3 Mar 2023 | £287,711 | £285,000 | 12 CHELSEA WAY |
| 15 Nov 2022 | £103,743 | £105,000 | FLAT 4 SOUTH DOWN COURT PENZER STREET |
| 3 Aug 2022 | £563,483 | £565,000 | 28 PENZER STREET |
| 30 May 2022 | £250,724 | £246,000 | 9 CHELSEA WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Chelsea Way |
| Dec 2023 | Robbery | Investigation complete; no suspect identified | On or near Chelsea Way |
| Mar 2024 | Public order | Under investigation | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Parking Area |