£260,075
This estimated value is based upon the latest sale price for the house of £253,300 on 11 May 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £253,300 | 11 May 2022 |
| £192,500 | 10 Oct 2018 |
| £122,000 | 23 Aug 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 812 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 2022 the House Price Index for WEST MIDLANDS was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £253,300 results in an estimated price of approximately £260,075.
| 11 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £253,300 | £6,775 | £260,075 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | -11.298 % | £-28,617 | £224,682 |
| 3 Month Average | 13.018 % | £32,973 | £286,273 |
| 6 Month Average | 15.526 % | £39,328 | £292,628 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2024 | £120,000 | £120,000 | 485 TESSALL LANE |
| 3 May 2024 | £250,000 | £250,000 | 39 WOODCOCK CLOSE |
| 28 Oct 2022 | £271,593 | £272,500 | 38 ILLEY CLOSE |
| 8 Sep 2022 | £256,828 | £257,000 | 47 WOODCOCK CLOSE |
| 24 Jun 2022 | £247,797 | £242,500 | 43 WOODCOCK CLOSE |
This house has a floor area of 75 sq meters or 812 sq feet when measured on 26 Aug 2011. Using an estimated price of £260,075 means this house is valued at £3,445 per sq meter (£320 per sq foot).
The average size of a house on ILLEY CLOSE is 104 sq meters (1,121 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Robbery | Investigation complete; no suspect identified | On or near Illey Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodcock Close |
| Jul 2024 | Burglary | Under investigation | On or near Little Cott Lane |
| Sep 2024 | Anti-social behaviour | On or near Balaams Wood Drive | |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Balaams Wood Drive |