£178,563
This estimated value is based upon the latest sale price for the house of £142,000 on 26 Apr 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £142,000 | 26 Apr 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 April 2018 the House Price Index for WEST MIDLANDS was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £142,000 results in an estimated price of approximately £178,563.
| 26 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £142,000 | £36,563 | £178,563 |
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 | -7.117 % | £-10,106 | £131,893 |
| 3 Month Average | 25.453 % | £36,143 | £178,143 |
| 6 Month Average | 27.931 % | £39,661 | £181,661 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £479,161 | £475,000 | 81 PRESTWOOD ROAD WEST |
| 28 Mar 2024 | £203,121 | £200,000 | 6 FAIRVIEW CLOSE |
| 6 Feb 2023 | £220,473 | £219,000 | 3 FAIRVIEW CRESCENT |
| 9 Sep 2022 | £229,846 | £230,000 | 27 FAIRVIEW CRESCENT |
| 2 Sep 2022 | £145,903 | £146,000 | 65 FAIRVIEW ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 18 Dec 2017. Using an estimated price of £178,564 means this house is valued at £2,052 per sq meter (£190 per sq foot).
The average size of a house on FAIRVIEW CLOSE is 103 sq meters (1,112 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairview Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairview Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Prestwood Road West |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairview Grove |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Fairview Grove |