£142,888
This estimated value is based upon the latest sale price for the house of £115,000 on 16 Jul 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £115,000 | 16 Jul 2019 |
| £94,500 | 9 Dec 2005 |
| £45,995 | 2 Aug 2002 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2019 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £115,000 results in an estimated price of approximately £142,888.
| 16 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £115,000 | £27,888 | £142,888 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | -0.927 % | £-1,065 | £113,934 |
| 3 Month Average | 14.197 % | £16,326 | £131,326 |
| 6 Month Average | 34.491 % | £39,664 | £154,664 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2023 | £141,207 | £138,000 | 35 WESTERN AVENUE |
| 21 Sep 2023 | £119,637 | £117,000 | 9 FARMBRIDGE CLOSE |
| 4 Sep 2023 | £132,930 | £130,000 | 8 WESTERN AVENUE |
| 3 Aug 2023 | £189,416 | £186,000 | 66 CHURCHILL ROAD |
| 9 Jun 2023 | £275,521 | £270,000 | 307 WOLVERHAMPTON ROAD WEST |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 13 Dec 2013. Using an estimated price of £142,888 means this house is valued at £1,504 per sq meter (£139 per sq foot).
The average size of a house on WESTERN AVENUE is 92 sq meters (994 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Farmbridge Road |
| Jul 2024 | Anti-social behaviour | On or near Farmbridge Road | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farmbridge Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farmbridge Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Farmbridge Road |