£120,936
This estimated value is based upon the latest sale price for the house of £70,000 on 19 Nov 2010. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £70,000 | 19 Nov 2010 |
| Semi-Detached |
| Leasehold |
| Floor Area: 50 sq meters or 546 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 November 2010 the House Price Index for WEST MIDLANDS was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.767%.Applying this 72.767% change to the original purchase price of £70,000 results in an estimated price of approximately £120,936.
| 19 Nov 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.767 % | £70,000 | £50,936 | £120,936 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 97.997 % | £68,597 | £138,597 |
| 3 Month Average | 119.986 % | £83,990 | £153,990 |
| 6 Month Average | 102.636 % | £71,845 | £141,845 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2022 | £1,612,460 | £1,620,000 | 34 WOLVERHAMPTON STREET |
| 22 Feb 2022 | £89,799 | £85,000 | 31 NEWLANDS CLOSE |
| 28 Jan 2022 | £148,428 | £140,000 | 75 NEW ROAD |
| 11 Oct 2021 | £192,838 | £173,000 | 3 NEWLANDS CLOSE |
| 6 Oct 2021 | £130,974 | £117,500 | 3 WILKES STREET |
This house has a floor area of 50 sq meters or 546 sq feet when measured on 22 Jun 2010. Using an estimated price of £120,937 means this house is valued at £2,380 per sq meter (£221 per sq foot).
The average size of a house on NEWLANDS CLOSE is 58 sq meters (625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Shoplifting | Under investigation | On or near Newlands Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newlands Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Newlands Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newlands Close |
| Oct 2024 | Vehicle crime | Under investigation | On or near Peel Street |