£450,264
This estimated value is based upon the latest sale price for the house of £389,950 on 20 Nov 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £389,950 | 20 Nov 2020 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 November 2020 the House Price Index for WEST MIDLANDS was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £389,950 results in an estimated price of approximately £450,264.
| 20 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £389,950 | £60,314 | £450,264 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 3.042 % | £11,863 | £401,813 |
| 3 Month Average | 3.231 % | £12,599 | £402,549 |
| 6 Month Average | 12.764 % | £49,771 | £439,721 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £323,056 | £320,000 | 24 THOMSON GROVE |
| 18 Apr 2023 | £392,920 | £390,000 | 3 PALLADIUM DRIVE |
| 10 Nov 2022 | £225,346 | £229,000 | 8 THOMSON GROVE |
| 1 Jul 2022 | £274,629 | £275,000 | 32 FAIRFIELD ROAD |
| 26 May 2022 | £365,432 | £360,000 | 12 PALLADIUM DRIVE |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 21 Oct 2020. Using an estimated price of £450,264 means this house is valued at £3,573 per sq meter (£331 per sq foot).
The average size of a house on FAIRFIELD ROAD is 140 sq meters (1,506 sq feet).
This house is the largest in the street with a floor area of 126 sq meters (1,356 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Houston Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Palladium Drive |
| Feb 2024 | Anti-social behaviour | On or near Palladium Drive | |
| Feb 2024 | Anti-social behaviour | On or near Palladium Drive | |
| Feb 2024 | Anti-social behaviour | On or near Palladium Drive |