£292,246
This estimated value is based upon the latest sale price for the house of £220,000 on 29 Sep 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £220,000 | 29 Sep 2016 |
| Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,004 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 2016 the House Price Index for WEST MIDLANDS was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £220,000 results in an estimated price of approximately £292,246.
| 29 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £220,000 | £72,246 | £292,246 |
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 | 5.073 % | £11,159 | £231,159 |
| 3 Month Average | 21.296 % | £46,852 | £266,852 |
| 6 Month Average | 39.127 % | £86,078 | £306,078 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £203,562 | £200,000 | 46 BROAD LANE SOUTH |
| 31 Jul 2023 | £329,434 | £325,000 | 6 LONGMOOR CLOSE |
| 28 Apr 2023 | £245,645 | £243,000 | 5 ORWELL CLOSE |
| 10 Feb 2023 | £71,202 | £71,250 | 63 ELLARDS DRIVE |
| 30 Jan 2023 | £482,726 | £485,000 | 44 BROAD LANE SOUTH |
This house has a floor area of 93 sq meters or 1,004 sq feet when measured on 27 Feb 2011. Using an estimated price of £292,246 means this house is valued at £3,132 per sq meter (£291 per sq foot).
There is one other house on the street which we know the size of, this is 2 OXTED CLOSE it is 88.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orwell Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Longmoor Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ellards Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Smallshire Close |
| Mar 2024 | Other crime | Under investigation | On or near Easton Gardens |