£176,502
This estimated value is based upon the latest sale price for the house of £162,000 on 25 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £162,000 | 25 Nov 2021 |
| Terraced |
| Freehold |
| Floor Area: 58 sq meters or 624 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 November 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £162,000 results in an estimated price of approximately £176,502.
| 25 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £162,000 | £14,502 | £176,502 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | -8.222 % | £-13,319 | £148,680 |
| 3 Month Average | -0.072 % | £-116 | £161,883 |
| 6 Month Average | 4.574 % | £7,409 | £169,409 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £214,594 | £208,000 | 2 ELY CLOSE |
| 20 Nov 2023 | £235,990 | £230,000 | 12 BARROW CLOSE |
| 29 Sep 2023 | £260,748 | £255,000 | 7 HEXBY CLOSE |
| 11 Aug 2023 | £249,500 | £245,000 | 5 BARROW CLOSE |
| 17 Feb 2023 | £281,883 | £280,000 | 6 ARNE ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 1 Jun 2021. Using an estimated price of £176,502 means this house is valued at £3,043 per sq meter (£282 per sq foot).
The average size of a house on BRADE DRIVE is 86 sq meters (932 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beamish Close |
| Apr 2024 | Anti-social behaviour | On or near Gibbs Close | |
| Apr 2024 | Anti-social behaviour | On or near Gibbs Close | |
| Apr 2024 | Anti-social behaviour | On or near Gibbs Close | |
| Apr 2024 | Anti-social behaviour | On or near Gibbs Close |