£195,947
This estimated value is based upon the latest sale price for the house of £40,000 on 14 Nov 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £40,000 | 14 Nov 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 1997 the House Price Index for WEST MIDLANDS was 30.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 389.869%.Applying this 389.869% change to the original purchase price of £40,000 results in an estimated price of approximately £195,947.
| 14 Nov 1997 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 148.0 | 389.869 % | £40,000 | £155,947 | £195,947 |
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 | 249.927 % | £99,970 | £139,970 |
| 3 Month Average | 233.191 % | £93,276 | £133,276 |
| 6 Month Average | 255.315 % | £102,125 | £142,125 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £171,273 | £170,000 | 12 GREENLY ROAD |
| 10 Mar 2023 | £165,897 | £165,000 | 22 VERONICA AVENUE |
| 10 Jun 2022 | £161,638 | £160,000 | 6 GREENLY ROAD |
| 14 Apr 2022 | £164,103 | £160,000 | 39 MALINS ROAD |
| 17 Feb 2022 | £177,558 | £170,000 | 526 WOLVERHAMPTON ROAD EAST |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 2 Mar 2016. Using an estimated price of £195,948 means this house is valued at £1,660 per sq meter (£154 per sq foot).
The average size of a house on MALINS ROAD is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Malins Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greenly Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Greenly Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Olive Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Olive Avenue |