£289,286
This estimated value is based upon the latest sale price for the house of £230,500 on 5 Jan 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,500 | 5 Jan 2018 |
| £165,000 | 2 Nov 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 January 2018 the House Price Index for WEST MIDLANDS was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £230,500 results in an estimated price of approximately £289,286.
| 5 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £230,500 | £58,786 | £289,286 |
The Postcode Pricing Model uses changes in average sales price within the B92 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 | 27.689 % | £63,822 | £294,322 |
| 3 Month Average | 1.764 % | £4,065 | £234,565 |
| 6 Month Average | 7.641 % | £17,611 | £248,111 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2022 | £251,948 | £255,000 | 14 BIRCHLEY RISE |
| 20 Jul 2022 | £200,540 | £200,000 | 8 BIRCHLEY RISE |
| 17 Dec 2021 | £241,060 | £225,000 | 27 HANSON GROVE |
| 10 Dec 2021 | £321,360 | £299,950 | 23 WICHNOR ROAD |
| 27 Aug 2021 | £396,044 | £355,000 | 28 HANSON GROVE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 6 Dec 2011. Using an estimated price of £289,287 means this house is valued at £3,907 per sq meter (£362 per sq foot).
The average size of a house on WICHNOR ROAD is 82 sq meters (886 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Hanson Grove |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Birchley Rise |
| Dec 2023 | Robbery | Under investigation | On or near Birchley Rise |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Birchley Rise |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Wichnor Road |