£197,339
This estimated value is based upon the latest sale price for the house of £160,000 on 4 Jul 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £160,000 | 4 Jul 2019 |
| £86,000 | 9 Jun 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 July 2019 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £160,000 results in an estimated price of approximately £197,339.
| 4 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £160,000 | £37,339 | £197,339 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 4.281 % | £6,849 | £166,849 |
| 3 Month Average | 6.062 % | £9,699 | £169,699 |
| 6 Month Average | 23.767 % | £38,026 | £198,026 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £221,988 | £219,000 | 26 OLIVE DRIVE |
| 9 Jun 2023 | £227,759 | £225,000 | 25A COCKSHEDS LANE |
| 20 Jan 2023 | £179,156 | £180,000 | 91 NEW JOHN STREET |
| 7 Nov 2022 | £171,918 | £174,000 | 8 BEECH AVENUE |
| 5 Jul 2022 | £250,675 | £250,000 | 76A HALESOWEN STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 10 Sep 2018. Using an estimated price of £197,340 means this house is valued at £2,631 per sq meter (£244 per sq foot).
The average size of a house on OLIVE DRIVE is 94 sq meters (1,016 sq feet).
This house is the smallest in the street with a floor area of 75 sq meters (807 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Beech Avenue |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beech Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Beech Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Beeches Road |
| Feb 2024 | Burglary | Under investigation | On or near Beeches Road |