£297,854
This estimated value is based upon the latest sale price for the house of £235,000 on 8 Sep 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Forest Close
More crime details
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| Price Paid | Date |
|---|---|
| £235,000 | 8 Sep 2017 |
| £50,000 | 17 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 September 2017 the House Price Index for WEST MIDLANDS was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £235,000 results in an estimated price of approximately £297,854.
| 8 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £235,000 | £62,854 | £297,854 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | 17.766 % | £41,750 | £276,750 |
| 3 Month Average | 5.130 % | £12,054 | £247,054 |
| 6 Month Average | 6.904 % | £16,224 | £251,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £303,678 | £300,000 | 25 HUNDRED ACRE ROAD |
| 2 Feb 2023 | £363,555 | £363,800 | 12 BANKSIDE CRESCENT |
| 17 Jun 2022 | £187,652 | £185,000 | 9 ROYAL MEADOW WAY |
| 31 May 2022 | £323,750 | £317,650 | 51 FOREST CLOSE |
| 31 Mar 2022 | £432,121 | £417,000 | 31 ROYAL MEADOW WAY |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 2 Nov 2015. Using an estimated price of £297,854 means this house is valued at £3,545 per sq meter (£329 per sq foot).
The average size of a house on FOREST CLOSE is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Forest Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Forest Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Amble Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Amble Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillside Drive |