£2,132,552
This estimated value is based upon the latest sale price for the house of £348,000 on 12 May 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £348,000 | 12 May 2023 |
| £215,000 | 20 Sep 2012 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 2023 the House Price Index for WEST MIDLANDS was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £348,000 results in an estimated price of approximately £2,132,552.
| 12 May 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £348,000 | £1,784,552 | £2,132,552 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | -9.359 % | £-32,569 | £315,430 |
| 3 Month Average | 26.123 % | £90,907 | £438,907 |
| 6 Month Average | 7.901 % | £27,496 | £375,496 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £386,888 | £375,000 | 71 PENNHOUSE AVENUE |
| 20 Oct 2023 | £470,690 | £460,000 | 56 OSBORNE ROAD |
| 6 Jun 2023 | £408,180 | £400,000 | 3 OSBORNE ROAD |
| 10 Feb 2023 | £422,824 | £420,000 | 11 OSBORNE ROAD |
| 24 Jan 2023 | £350,938 | £350,000 | 29 PENNHOUSE AVENUE |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 15 Dec 2021.
The average size of a house on PENNHOUSE AVENUE is 118 sq meters (1,271 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pennhouse Avenue |
| Jul 2024 | Public order | Under investigation | On or near Wells Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Road |
| Jul 2024 | Anti-social behaviour | On or near Grosvenor Park | |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Grosvenor Park |