£465,676
This estimated value is based upon the latest sale price for the house of £277,000 on 18 Feb 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £277,000 | 18 Feb 2013 |
| £288,500 | 4 Jan 2008 |
| £360,000 | 11 Oct 2005 |
| £285,000 | 27 Feb 2004 |
| Detached |
| Freehold |
| Floor Area: 148 sq meters or 1,593 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 February 2013 the House Price Index for WEST MIDLANDS was 88.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 68.114%.Applying this 68.114% change to the original purchase price of £277,000 results in an estimated price of approximately £465,676.
| 18 Feb 2013 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.0 | 68.114 % | £277,000 | £188,676 | £465,676 |
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 | 14.778 % | £40,934 | £317,934 |
| 3 Month Average | 34.765 % | £96,299 | £373,299 |
| 6 Month Average | 44.320 % | £122,765 | £399,765 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £356,749 | £350,000 | 448 PENN ROAD |
| 11 Dec 2023 | £239,532 | £235,000 | 46 LYTTON AVENUE |
| 29 Nov 2023 | £455,852 | £450,000 | 11 SCOTT CLOSE |
| 11 Aug 2023 | £241,468 | £240,000 | 24 LYTTON AVENUE |
| 28 Jul 2023 | £323,056 | £320,000 | 7 SCOTT CLOSE |
This house has a floor area of 148 sq meters or 1,593 sq feet when measured on 29 Feb 2012. Using an estimated price of £465,676 means this house is valued at £3,146 per sq meter (£292 per sq foot).
The average size of a house on PENN ROAD is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Local resolution | On or near Lytton Avenue |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Scott Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Scott Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Scott Avenue |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Scott Avenue |