£127,161
This estimated value is based upon the latest sale price for the house of £72,000 on 31 Mar 2006. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £72,000 | 31 Mar 2006 |
| £46,000 | 28 Feb 2003 |
| £39,950 | 23 May 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 March 2006 the House Price Index for WEST MIDLANDS was 84.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 76.613%.Applying this 76.613% change to the original purchase price of £72,000 results in an estimated price of approximately £127,161.
| 31 Mar 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 148.6 | 76.613 % | £72,000 | £55,161 | £127,161 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 14.998 % | £10,798 | £82,798 |
| 3 Month Average | 55.998 % | £40,318 | £112,318 |
| 6 Month Average | 59.802 % | £43,057 | £115,057 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £152,254 | £150,000 | 16 WILLENHALL ROAD |
| 21 Aug 2023 | £250,189 | £248,000 | 43 BECKETT STREET |
| 23 Jun 2023 | £96,165 | £95,000 | 80 BECKETT STREET |
| 8 Mar 2023 | £70,666 | £70,000 | 21 SELWYN ROAD |
| 14 Jun 2022 | £177,509 | £175,000 | 63 VERNON ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 7 Apr 2020. Using an estimated price of £127,161 means this house is valued at £1,791 per sq meter (£166 per sq foot).
The average size of a house on VERNON ROAD is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vernon Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Garden Walk |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Garden Walk |
| Jan 2024 | Other theft | Under investigation | On or near Garden Walk |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Rosemary Avenue |