£363,531
This estimated value is based upon the latest sale price for the house of £295,000 on 19 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £295,000 | 19 Oct 2018 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 October 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £295,000 results in an estimated price of approximately £363,531.
| 19 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £295,000 | £68,531 | £363,531 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 71.499 % | £210,921 | £505,921 |
| 3 Month Average | 15.748 % | £46,457 | £341,457 |
| 6 Month Average | 19.667 % | £58,017 | £353,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jul 2023 | £430,798 | £425,000 | 64B WOODTHORNE ROAD SOUTH |
| 31 Jan 2023 | £398,125 | £400,000 | 82 REDHOUSE ROAD |
| 24 Oct 2022 | £469,940 | £475,000 | 109 WOODTHORNE ROAD SOUTH |
| 11 Dec 2020 | £407,438 | £355,000 | 91 WOODTHORNE ROAD SOUTH |
| 13 Nov 2020 | £388,383 | £335,000 | 101 WOODTHORNE ROAD SOUTH |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 27 Apr 2018. Using an estimated price of £363,531 means this house is valued at £4,039 per sq meter (£375 per sq foot).
The average size of a house on THE MEADWAY is 117 sq meters (1,263 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near The Meadway |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near The Meadway |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near The Meadway |
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near Elviron Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |