£204,572
This estimated value is based upon the latest sale price for the house of £110,000 on 6 Jun 2005. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £110,000 | 6 Jun 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 161 sq meters or 1,732 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 June 2005 the House Price Index for WEST MIDLANDS was 80.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.975%.Applying this 85.975% change to the original purchase price of £110,000 results in an estimated price of approximately £204,572.
| 6 Jun 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.5 | 149.7 | 85.975 % | £110,000 | £94,572 | £204,572 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 79.269 % | £87,196 | £197,196 |
| 3 Month Average | 90.832 % | £99,914 | £209,914 |
| 6 Month Average | 80.873 % | £88,959 | £198,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £293,002 | £283,999 | WEDNESFIELD METHODIST CHURCH WOOD END ROAD |
| 4 Oct 2023 | £245,578 | £240,000 | 20 THOMAS MASON CLOSE |
| 16 Jun 2023 | £95,412 | £93,500 | 140 RIDGE LANE |
| 17 Apr 2023 | £283,299 | £278,000 | 184 WOOD END ROAD |
| 16 Mar 2023 | £274,586 | £270,000 | 28 MOATHOUSE LANE WEST |
This house has a floor area of 161 sq meters or 1,732 sq feet when measured on 27 Mar 2013. Using an estimated price of £204,572 means this house is valued at £1,270 per sq meter (£118 per sq foot).
The average size of a house on RIDGE LANE is 84 sq meters (910 sq feet).
This house is the largest in the street with a floor area of 161 sq meters (1,732 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Unable to prosecute suspect | On or near Ridge Lane |
| Sep 2024 | Anti-social behaviour | On or near Ridge Lane | |
| Sep 2024 | Anti-social behaviour | On or near Ridge Lane | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridge Lane |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridge Lane |