£562,623
This estimated value is based upon the latest sale price for the house of £388,000 on 3 Jul 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £388,000 | 3 Jul 2015 |
| £295,000 | 17 Dec 2003 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 July 2015 the House Price Index for WEST MIDLANDS was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £388,000 results in an estimated price of approximately £562,623.
| 3 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £388,000 | £174,623 | £562,623 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 62.099 % | £240,943 | £628,943 |
| 3 Month Average | 62.203 % | £241,347 | £629,347 |
| 6 Month Average | 50.848 % | £197,291 | £585,291 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £638,545 | £633,000 | 17 WELBECK CLOSE |
| 17 Feb 2023 | £478,194 | £475,000 | 4 WELBECK CLOSE |
| 4 Aug 2022 | £326,527 | £325,000 | 80 SHENSTONE VALLEY ROAD |
| 14 Jun 2022 | £6,641,979 | £6,500,000 | GOWER GARDENS RESIDENTIAL CARE HOME, 31 KENT ROAD |
| 23 Oct 2020 | £573,157 | £485,000 | 79 KENT ROAD |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 3 Oct 2014. Using an estimated price of £562,624 means this house is valued at £3,252 per sq meter (£302 per sq foot).
The average size of a house on HIGHLAND RIDGE is 211 sq meters (2,275 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welbeck Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welbeck Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welbeck Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Compton Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Compton Road |