£192,656
This estimated value is based upon the latest sale price for the house of £195,000 on 9 Sep 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £195,000 | 9 Sep 2022 |
| £90,000 | 3 Feb 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 September 2022 the House Price Index for WEST MIDLANDS was 149.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.202%.Applying this -1.202% change to the original purchase price of £195,000 results in an estimated price of approximately £192,656.
| 9 Sep 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 148.0 | -1.202 % | £195,000 | £-2,343 | £192,656 |
The Postcode Pricing Model uses changes in average sales price within the WV9 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 | 28.205 % | £55,000 | £250,000 |
| 3 Month Average | -9.024 % | £-17,595 | £177,404 |
| 6 Month Average | -0.083 % | £-161 | £194,838 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £107,363 | £107,000 | 21 RYHOPE WALK |
| 13 Dec 2023 | £193,664 | £190,000 | 16 WHITBURN CLOSE |
| 28 Apr 2023 | £95,711 | £95,000 | 35 RYHOPE WALK |
| 9 Sep 2022 | £192,657 | £195,000 | 41 PENSHAW CLOSE |
| 22 Jul 2022 | £294,602 | £295,000 | 10 FINCHAM CLOSE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 12 Oct 2015. Using an estimated price of £192,657 means this house is valued at £2,469 per sq meter (£229 per sq foot).
The average size of a house on PENSHAW CLOSE is 86 sq meters (926 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Investigation complete; no suspect identified | On or near Penshaw Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Penshaw Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Penshaw Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penshaw Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Penshaw Close |