£300,620
This estimated value is based upon the latest sale price for the house of £242,500 on 30 Aug 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £242,500 | 30 Aug 2019 |
| £140,000 | 29 May 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2019 the House Price Index for WEST MIDLANDS was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £242,500 results in an estimated price of approximately £300,620.
| 30 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £242,500 | £58,120 | £300,620 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 10.924 % | £26,490 | £268,990 |
| 3 Month Average | 12.995 % | £31,511 | £274,011 |
| 6 Month Average | 16.356 % | £39,662 | £282,162 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £285,856 | £278,600 | 46 PAXMEAD CLOSE |
| 17 Nov 2023 | £359,116 | £350,000 | 18 FORELAND WAY |
| 29 Sep 2023 | £296,532 | £289,995 | 63 FORELAND WAY |
| 2 Aug 2023 | £417,531 | £410,000 | 16 LEACREST ROAD |
| 30 Mar 2023 | £305,095 | £300,000 | 17 PAXMEAD CLOSE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 28 Mar 2019. Using an estimated price of £300,621 means this house is valued at £3,955 per sq meter (£367 per sq foot).
The average size of a house on PAXMEAD CLOSE is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Paxmead Close |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Leacrest Road |
| May 2024 | Anti-social behaviour | On or near Leacrest Road | |
| May 2024 | Anti-social behaviour | On or near Leacrest Road | |
| May 2024 | Anti-social behaviour | On or near Leacrest Road |