£153,995
This estimated value is based upon the latest sale price for the house of £123,750 on 4 Feb 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £123,750 | 4 Feb 2019 |
| £92,995 | 16 Jun 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 February 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £123,750 results in an estimated price of approximately £153,995.
| 4 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £123,750 | £30,245 | £153,995 |
The Postcode Pricing Model uses changes in average sales price within the CV4 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 | 2.153 % | £2,664 | £126,414 |
| 3 Month Average | 9.912 % | £12,266 | £136,016 |
| 6 Month Average | 2.201 % | £2,723 | £126,473 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £180,032 | £174,500 | 2 PHILMONT COURT |
| 25 Aug 2023 | £155,810 | £153,000 | 1 PHILMONT COURT |
| 7 Jun 2023 | £270,419 | £265,000 | 16 MOHAWK BEND |
| 11 Apr 2023 | £147,764 | £145,000 | 3 PHILMONT COURT |
| 9 Mar 2023 | £139,835 | £137,500 | 49 MONTICELLO WAY |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 16 May 2014. Using an estimated price of £153,996 means this house is valued at £3,666 per sq meter (£340 per sq foot).
The average size of a house on MONTICELLO WAY is 62 sq meters (677 sq feet).