£177,387
This estimated value is based upon the latest sale price for the house of £175,000 on 11 Jul 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £175,000 | 11 Jul 2023 |
| £126,000 | 15 Apr 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 2023 the House Price Index for WEST MIDLANDS was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £175,000 results in an estimated price of approximately £177,387.
| 11 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £175,000 | £2,387 | £177,387 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | -26.906 % | £-47,085 | £127,914 |
| 3 Month Average | -2.749 % | £-4,810 | £170,189 |
| 6 Month Average | -3.835 % | £-6,710 | £168,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £101,295 | £100,000 | 3 BENTON CLOSE |
| 14 Jul 2023 | £136,842 | £135,000 | 22 DIBBLE CLOSE |
| 11 Jul 2023 | £177,387 | £175,000 | 45 PENNINE WAY |
| 24 Mar 2023 | £363,424 | £360,000 | 43 ENSBURY CLOSE |
| 31 Jan 2023 | £83,109 | £83,500 | 42 DIBBLE CLOSE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 9 Nov 2015. Using an estimated price of £177,387 means this house is valued at £2,729 per sq meter (£253 per sq foot).
The average size of a house on PENNINE WAY is 86 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mendips Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mendips Close |
| Feb 2024 | Public order | Under investigation | On or near Mendips Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bassett Close |
| Apr 2024 | Anti-social behaviour | On or near Bassett Close |