£99,932
This estimated value is based upon the latest sale price for the house of £100,000 on 24 Feb 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Teal Drive
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| Price Paid | Date |
|---|---|
| £100,000 | 24 Feb 2023 |
| £66,500 | 19 May 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 594 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 February 2023 the House Price Index for WEST MIDLANDS was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £100,000 results in an estimated price of approximately £99,932.
| 24 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.6 | -0.067 % | £100,000 | £-67 | £99,932 |
The Postcode Pricing Model uses changes in average sales price within the B23 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 | -11.147 % | £-11,146 | £88,853 |
| 3 Month Average | -4.365 % | £-4,365 | £95,634 |
| 6 Month Average | -13.061 % | £-13,061 | £86,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £101,176 | £99,950 | FLAT 8 KENDAL COURT, 2 LAKESIDE WALK |
| 16 Mar 2023 | £116,094 | £115,000 | 58 LAKESIDE WALK |
| 24 Feb 2023 | £99,933 | £100,000 | 5 PEONY WALK |
| 17 Feb 2023 | £94,936 | £95,000 | 9 MALLARD DRIVE |
| 10 Jun 2022 | £192,724 | £190,000 | 15 MALLARD DRIVE |
This house has a floor area of 55 sq meters or 594 sq feet when measured on 6 Apr 2010. Using an estimated price of £99,933 means this house is valued at £1,809 per sq meter (£168 per sq foot).
The average size of a house on PEONY WALK is 82 sq meters (887 sq feet).
This house is the smallest in the street with a floor area of 55 sq meters (594 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Investigation complete; no suspect identified | On or near Teal Drive |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Teal Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Teal Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mallard Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mallard Drive |