£113,656
This estimated value is based upon the latest sale price for the house of £31,000 on 15 Nov 2000. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £31,000 | 15 Nov 2000 |
| £15,000 | 25 Jun 1998 |
| Terraced |
| Freehold |
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 2000 the House Price Index for WEST MIDLANDS was 40.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 266.635%.Applying this 266.635% change to the original purchase price of £31,000 results in an estimated price of approximately £113,656.
| 15 Nov 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.8 | 149.7 | 266.635 % | £31,000 | £82,656 | £113,656 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | 358.216 % | £111,047 | £142,047 |
| 3 Month Average | 400.392 % | £124,121 | £155,121 |
| 6 Month Average | 305.752 % | £94,783 | £125,783 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £123,125 | £120,000 | 41 BRIGHT STREET |
| 21 Mar 2023 | £141,869 | £139,500 | 68 SHERWOOD STREET |
| 21 Mar 2023 | £141,869 | £139,500 | 69 SHERWOOD STREET |
| 17 Feb 2023 | £130,874 | £130,000 | 43 BRIGHT STREET |
| 29 Apr 2022 | £124,491 | £120,000 | 31 GREAT HAMPTON STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bright Street |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bright Street |
| Sep 2024 | Robbery | Under investigation | On or near Bright Street |
| Sep 2024 | Drugs | Awaiting court outcome | On or near Bright Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Bright Street |