£189,372
This estimated value is based upon the latest sale price for the house of £105,000 on 31 Jan 2006. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £105,000 | 31 Jan 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 872 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 2006 the House Price Index for WEST MIDLANDS was 83.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 80.355%.Applying this 80.355% change to the original purchase price of £105,000 results in an estimated price of approximately £189,372.
| 31 Jan 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 149.7 | 80.355 % | £105,000 | £84,372 | £189,372 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 186.824 % | £196,164 | £301,164 |
| 3 Month Average | 67.922 % | £71,318 | £176,318 |
| 6 Month Average | 56.079 % | £58,883 | £163,883 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £170,000 | £170,000 | 17 GORSTY CLOSE |
| 24 Nov 2023 | £117,995 | £115,000 | 6 WHITTINGTON CLOSE |
| 20 Nov 2023 | £93,627 | £91,250 | 178 BEACONVIEW ROAD |
| 25 Aug 2023 | £213,857 | £210,000 | 22 BROADFIELD CLOSE |
| 28 Apr 2023 | £88,923 | £87,260 | 180 BEACONVIEW ROAD |
This house has a floor area of 81 sq meters or 872 sq feet when measured on 8 Nov 2011. Using an estimated price of £189,373 means this house is valued at £2,336 per sq meter (£217 per sq foot).
The average size of a house on FARHILL CLOSE is 91 sq meters (986 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Far Hill Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Broadfield Close |
| Jun 2024 | Burglary | Under investigation | On or near Gorsty Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gorsty Close |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gorsty Close |