£316,240
This estimated value is based upon the latest sale price for the house of £250,000 on 11 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 |
|---|---|
| £250,000 | 11 Aug 2017 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,421 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 Apr 2024 is 148.0 which is a change of 26.496%.Applying this 26.496% change to the original purchase price of £250,000 results in an estimated price of approximately £316,240.
| 11 Aug 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.0 | 26.496 % | £250,000 | £66,240 | £316,240 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 16.152 % | £40,379 | £290,379 |
| 3 Month Average | 12.861 % | £32,152 | £282,152 |
| 6 Month Average | 22.322 % | £55,805 | £305,805 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £354,552 | £350,000 | 5 THE FOLD |
| 18 Aug 2023 | £286,744 | £285,000 | 9 CHURCH HILL |
| 15 Jun 2023 | £254,060 | £252,000 | 39 LANCASTER GARDENS |
| 10 Aug 2022 | £248,322 | £250,000 | 434C PENN ROAD |
| 8 Mar 2022 | £201,204 | £194,950 | 36A WAKELEY HILL |
This house has a floor area of 132 sq meters or 1,421 sq feet when measured on 10 Mar 2011. Using an estimated price of £316,240 means this house is valued at £2,394 per sq meter (£222 per sq foot).
The average size of a house on PENN ROAD is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Woodlands Cottages |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodlands Cottages |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Woodlands Cottages |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Woodlands Cottages |
| Apr 2024 | Anti-social behaviour | On or near The Fold |