£388,747
This estimated value is based upon the latest sale price for the house of £270,000 on 11 Aug 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Edinburgh Road
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| Price Paid | Date |
|---|---|
| £270,000 | 11 Aug 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2015 the House Price Index for WEST MIDLANDS was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £270,000 results in an estimated price of approximately £388,747.
| 11 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 149.7 | 43.981 % | £270,000 | £118,747 | £388,747 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | 166.078 % | £448,409 | £718,409 |
| 3 Month Average | 32.560 % | £87,913 | £357,913 |
| 6 Month Average | 51.356 % | £138,660 | £408,660 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £517,759 | £506,000 | 17 GILLITY AVENUE |
| 28 Apr 2023 | £382,148 | £375,000 | 3 GILLITY CLOSE |
| 28 Apr 2023 | £529,912 | £520,000 | 16 GILLITY AVENUE |
| 31 Mar 2023 | £330,520 | £325,000 | 28 CORNWALL ROAD |
| 9 Feb 2023 | £402,690 | £400,000 | 32 CORNWALL ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 18 Jun 2015. Using an estimated price of £388,748 means this house is valued at £3,887 per sq meter (£361 per sq foot).
The average size of a house on CORNWALL ROAD is 168 sq meters (1,808 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near Edinburgh Road |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Gillity Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brookhouse Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lake Avenue |
| Jun 2024 | Anti-social behaviour | On or near Greaves Close |