£74,944
This estimated value is based upon the latest sale price for the house of £61,000 on 3 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £61,000 | 3 Dec 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.860%.Applying this 22.860% change to the original purchase price of £61,000 results in an estimated price of approximately £74,944.
| 3 Dec 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.860 % | £61,000 | £13,944 | £74,944 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 15.969 % | £9,740 | £70,740 |
| 3 Month Average | 13.006 % | £7,933 | £68,933 |
| 6 Month Average | 30.951 % | £18,880 | £79,880 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2023 | £221,346 | £220,000 | 99 STUBBY LANE |
| 5 Jan 2023 | £54,521 | £55,000 | 73 STUBBY LANE |
| 26 Oct 2022 | £152,730 | £155,000 | 81 MERRICK ROAD |
| 23 Sep 2022 | £182,777 | £185,000 | 149 STUBBY LANE |
| 29 Jul 2022 | £184,750 | £185,000 | 128 STUBBY LANE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 18 May 2018. Using an estimated price of £74,944 means this house is valued at £1,102 per sq meter (£102 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Castlebridge Gardens |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Castlebridge Gardens |
| Apr 2024 | Vehicle crime | Under investigation | On or near Castlebridge Gardens |
| Mar 2024 | Anti-social behaviour | On or near Castlebridge Gardens | |
| Mar 2024 | Anti-social behaviour | On or near Castlebridge Gardens |