£223,944
This estimated value is based upon the latest sale price for the house of £222,000 on 23 Dec 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £222,000 | 23 Dec 2022 |
| £167,500 | 2 Nov 2015 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 December 2022 the House Price Index for WEST MIDLANDS was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £222,000 results in an estimated price of approximately £223,944.
| 23 Dec 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 149.7 | 0.876 % | £222,000 | £1,944 | £223,944 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | -12.374 % | £-27,469 | £194,530 |
| 3 Month Average | -8.797 % | £-19,528 | £202,471 |
| 6 Month Average | -3.305 % | £-7,336 | £214,663 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2024 | £229,000 | £229,000 | 8 REDHILL CLOSE |
| 10 Nov 2023 | £225,730 | £220,000 | 14 CROFTERS CLOSE |
| 17 Mar 2023 | £196,278 | £193,000 | 1 REDHILL CLOSE |
| 27 Jan 2023 | £441,179 | £440,000 | 60 REDHILL |
| 9 Nov 2022 | £71,665 | £72,000 | FLAT 4 REDHILL COURT REDHILL |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 24 Jun 2015.
The average size of a house on REDHILL CLOSE is 103 sq meters (1,119 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Red Hill Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Red Hill Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Margaret Drive |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Heathlands |
| Oct 2024 | Other crime | Unable to prosecute suspect | On or near Swincross Road |