£280,189
This estimated value is based upon the latest sale price for the house of £225,000 on 9 May 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Derwent Grove
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| Price Paid | Date |
|---|---|
| £225,000 | 9 May 2019 |
| £115,000 | 29 Oct 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 934 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 May 2019 the House Price Index for WEST MIDLANDS was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £225,000 results in an estimated price of approximately £280,189.
| 9 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £225,000 | £55,189 | £280,189 |
The Postcode Pricing Model uses changes in average sales price within the B30 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 | -9.106 % | £-20,488 | £204,511 |
| 3 Month Average | 25.513 % | £57,403 | £282,403 |
| 6 Month Average | 22.982 % | £51,708 | £276,708 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £291,253 | £286,000 | 45 GREENOAK CRESCENT |
| 3 Mar 2023 | £274,586 | £270,000 | 92 DADS LANE |
| 20 Jan 2023 | £308,825 | £308,000 | 100 DADS LANE |
| 28 Oct 2022 | £241,194 | £242,000 | 9 DERWENT ROAD |
| 5 Aug 2022 | £286,339 | £285,000 | 16 DERWENT GROVE |
This house has a floor area of 86 sq meters or 934 sq feet when measured on 11 Feb 2009. Using an estimated price of £280,190 means this house is valued at £3,227 per sq meter (£299 per sq foot).
The average size of a house on DERWENT GROVE is 87 sq meters (944 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Derwent Grove | |
| Oct 2024 | Burglary | Under investigation | On or near Derwent Grove |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Grove |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Derwent Grove |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Derwent Grove |