£188,878
This estimated value is based upon the latest sale price for the house of £175,000 on 6 Dec 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £175,000 | 6 Dec 2021 |
| 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 December 2021 the House Price Index for WEST MIDLANDS was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £175,000 results in an estimated price of approximately £188,878.
| 6 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £175,000 | £13,878 | £188,878 |
The Postcode Pricing Model uses changes in average sales price within the WV2 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 | -16.129 % | £-28,225 | £146,774 |
| 3 Month Average | 30.452 % | £53,290 | £228,290 |
| 6 Month Average | 6.498 % | £11,370 | £186,370 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Mar 2024 | £111,716 | £110,000 | UNIT 28A STOWHEATH INDUSTRIAL ESTATE MONMORE ROAD |
| 20 Dec 2023 | £572,595 | £555,000 | UNIT 3 CULLWICK STREET |
| 7 Dec 2023 | £268,243 | £260,000 | UNIT 36 MONMORE ROAD |
| 17 Nov 2023 | £56,432 | £55,000 | UNIT 28 STOWHEATH INDUSTRIAL ESTATE MONMORE ROAD |
| 30 Aug 2023 | £112,020 | £110,000 | UNIT 3 ETTINGSHALL ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Dixon Street | |
| Jul 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Dixon Street |
| Jul 2024 | Anti-social behaviour | On or near Dixon Street | |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dixon Street |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dixon Street |