£246,172
This estimated value is based upon the latest sale price for the house of £139,995 on 5 May 2006. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £139,995 | 5 May 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 875 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 May 2006 the House Price Index for WEST MIDLANDS was 85.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 75.844%.Applying this 75.844% change to the original purchase price of £139,995 results in an estimated price of approximately £246,172.
| 5 May 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 149.7 | 75.844 % | £139,995 | £106,177 | £246,172 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 61.171 % | £85,636 | £225,631 |
| 3 Month Average | 75.824 % | £106,150 | £246,145 |
| 6 Month Average | 68.348 % | £95,683 | £235,678 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2022 | £199,069 | £200,000 | 25 PRESTWOOD AVENUE |
| 27 May 2022 | £241,286 | £235,000 | 84 PRESTWOOD AVENUE |
| 27 May 2022 | £200,216 | £195,000 | 60 PRESTWOOD AVENUE |
| 27 May 2022 | £220,751 | £215,000 | 53 DUCKHOUSE ROAD |
| 14 Mar 2022 | £260,978 | £249,995 | 27 DUCKHOUSE ROAD |
This house has a floor area of 81 sq meters or 875 sq feet when measured on 18 Mar 2010. Using an estimated price of £246,173 means this house is valued at £3,027 per sq meter (£281 per sq foot).
The average size of a house on RIDGE LANE is 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Unable to prosecute suspect | On or near Ridge Lane |
| Sep 2024 | Anti-social behaviour | On or near Ridge Lane | |
| Sep 2024 | Anti-social behaviour | On or near Ridge Lane | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridge Lane |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridge Lane |