£396,166
This estimated value is based upon the latest sale price for the house of £335,000 on 9 Sep 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £335,000 | 9 Sep 2020 |
| £250,000 | 20 Jan 2015 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2020 the House Price Index for WEST MIDLANDS was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £335,000 results in an estimated price of approximately £396,166.
| 9 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £335,000 | £61,166 | £396,166 |
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 | 5.556 % | £18,611 | £353,611 |
| 3 Month Average | 21.287 % | £71,312 | £406,312 |
| 6 Month Average | 14.833 % | £49,690 | £384,690 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £316,057 | £312,000 | 47 PATRICIA AVENUE |
| 30 Jun 2023 | £312,534 | £310,000 | 33 PATRICIA AVENUE |
| 26 Jun 2023 | £228,856 | £227,000 | MAURILDA PARK DRIVE |
| 20 Jan 2023 | £399,987 | £403,500 | 57 PATRICIA AVENUE |
| 16 Dec 2021 | £309,445 | £290,000 | 7 PARK DRIVE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 31 Mar 2017. Using an estimated price of £396,167 means this house is valued at £3,505 per sq meter (£325 per sq foot).
The average size of a house on PARK DRIVE is 129 sq meters (1,390 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Avenue |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Park Avenue |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Park Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Park Avenue |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Park Avenue |