£233,206
This estimated value is based upon the latest sale price for the house of £150,000 on 28 Sep 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £150,000 | 28 Sep 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 2007 the House Price Index for WEST MIDLANDS was 95.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 55.471%.Applying this 55.471% change to the original purchase price of £150,000 results in an estimated price of approximately £233,206.
| 28 Sep 2007 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.2 | 148.0 | 55.471 % | £150,000 | £83,206 | £233,206 |
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 | 18.161 % | £27,242 | £177,242 |
| 3 Month Average | 14.611 % | £21,916 | £171,916 |
| 6 Month Average | 21.149 % | £31,723 | £181,723 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 May 2022 | £314,678 | £310,000 | 4 BRADEN ROAD |
| 29 Apr 2022 | £230,769 | £225,000 | 9 BRYAN AVENUE |
| 12 Apr 2022 | £164,103 | £160,000 | 538 PENN ROAD |
| 25 Mar 2022 | £278,661 | £270,000 | 61 BRADEN ROAD |
| 14 Mar 2022 | £252,859 | £245,000 | 526 PENN ROAD |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 2 May 2014. Using an estimated price of £233,207 means this house is valued at £1,943 per sq meter (£180 per sq foot).
The average size of a house on PENN ROAD is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Braden Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Holden Road |
| Jan 2024 | Possession of weapons | Unable to prosecute suspect | On or near Holden Road |
| Mar 2024 | Burglary | Under investigation | On or near Bryan Avenue |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hartill Road |