£281,057
This estimated value is based upon the latest sale price for the house of £172,500 on 7 Mar 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £172,500 | 7 Mar 2007 |
| £145,000 | 10 Oct 2005 |
| Terraced |
| 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 2007 the House Price Index for WEST MIDLANDS was 91.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 62.932%.Applying this 62.932% change to the original purchase price of £172,500 results in an estimated price of approximately £281,057.
| 7 Mar 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 149.7 | 62.932 % | £172,500 | £108,557 | £281,057 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | 66.676 % | £115,016 | £287,516 |
| 3 Month Average | 61.215 % | £105,596 | £278,096 |
| 6 Month Average | 67.535 % | £116,497 | £288,997 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2024 | £229,000 | £229,000 | 8 REDHILL CLOSE |
| 15 Sep 2023 | £255,635 | £250,000 | 11 BROOK ROAD |
| 17 Mar 2023 | £196,278 | £193,000 | 1 REDHILL CLOSE |
| 27 Jan 2023 | £441,179 | £440,000 | 60 REDHILL |
| 9 Nov 2022 | £71,665 | £72,000 | FLAT 4 REDHILL COURT REDHILL |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Red Hill Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Red Hill Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Heathlands |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Margaret Drive |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brook Road |