£285,886
This estimated value is based upon the latest sale price for the house of £218,000 on 20 Sep 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £218,000 | 20 Sep 2016 |
| £180,000 | 6 Jun 2014 |
| £185,000 | 5 Oct 2006 |
| Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 September 2016 the House Price Index for WEST MIDLANDS was 111.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.141%.Applying this 31.141% change to the original purchase price of £218,000 results in an estimated price of approximately £285,886.
| 20 Sep 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 146.7 | 31.141 % | £218,000 | £67,886 | £285,886 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 37.792 % | £82,386 | £300,386 |
| 3 Month Average | 29.544 % | £64,406 | £282,406 |
| 6 Month Average | 36.197 % | £78,909 | £296,909 |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 23 Nov 2016.
The average size of a house on SPRINGFIELD DRIVE is 109 sq meters (1,182 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Springfield Drive |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Springfield Drive |
| Dec 2023 | Drugs | Unable to prosecute suspect | On or near Springfield Drive |
| Dec 2023 | Other theft | Under investigation | On or near Greenhill Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Greenhill Road |