£271,378
This estimated value is based upon the latest sale price for the house of £225,000 on 24 Jun 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 24 Jun 2020 |
| £93,000 | 16 Aug 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 June 2020 the House Price Index for WEST MIDLANDS was 122.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 20.613%.Applying this 20.613% change to the original purchase price of £225,000 results in an estimated price of approximately £271,378.
| 24 Jun 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.0 | 20.613 % | £225,000 | £46,378 | £271,378 |
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 | -6.024 % | £-13,554 | £211,445 |
| 3 Month Average | -5.696 % | £-12,816 | £212,183 |
| 6 Month Average | 12.802 % | £28,803 | £253,803 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Mar 2023 | £351,902 | £350,000 | 25 SPRINGHILL GROVE |
| 21 Oct 2022 | £197,071 | £200,000 | 11 SPRINGHILL GROVE |
| 2 Sep 2022 | £177,837 | £180,000 | 39 SPRINGHILL GROVE |
| 15 Jul 2022 | £214,710 | £215,000 | 37 HILSTON AVENUE |
| 16 Feb 2022 | £221,948 | £212,500 | 80 HILSTON AVENUE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 13 Feb 2020. Using an estimated price of £271,378 means this house is valued at £2,512 per sq meter (£233 per sq foot).
The average size of a house on SPRINGHILL GROVE is 106 sq meters (1,141 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Hilston Avenue |
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Springhill Avenue |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Petrol Station |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Petrol Station |