£207,277
This estimated value is based upon the latest sale price for the house of £162,000 on 25 Aug 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£162,000 | 25 Aug 2017 |
£159,950 | 27 May 2011 |
Terraced |
Freehold |
Floor Area: 92 sq meters or 992 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 August 2017 the House Price Index for WEST MIDLANDS was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £162,000 results in an estimated price of approximately £207,277.
25 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.0 | 149.7 | 27.949 % | £162,000 | £45,277 | £207,277 |
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 | -24.688 % | £-39,994 | £122,005 |
3 Month Average | 28.579 % | £46,297 | £208,297 |
6 Month Average | 47.330 % | £76,674 | £238,674 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £208,199 | £205,000 | 49 WATER REED GROVE |
1 Mar 2024 | £243,745 | £240,000 | 7 WATER REED GROVE |
16 Jun 2023 | £188,783 | £185,000 | 64 WATER REED GROVE |
17 Feb 2023 | £233,560 | £232,000 | 23 WATER REED GROVE |
9 Nov 2022 | £298,604 | £300,000 | A B A CRANE HIRE LTD REAYMER CLOSE |
This house has a floor area of 92 sq meters or 992 sq feet when measured on 13 Sep 2010. Using an estimated price of £207,277 means this house is valued at £2,247 per sq meter (£208 per sq foot).
The average size of a house on WATER REED GROVE is 76 sq meters (819 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near Water Reed Grove |
Jun 2024 | Anti-social behaviour | On or near Water Reed Grove | |
Jun 2024 | Anti-social behaviour | On or near Water Reed Grove | |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Water Reed Grove |
Jun 2024 | Anti-social behaviour | On or near Water Reed Grove |