£127,533
This estimated value is based upon the latest sale price for the house of £75,000 on 28 Feb 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £75,000 | 28 Feb 2013 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2013 the House Price Index for WEST MIDLANDS was 88.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.045%.Applying this 70.045% change to the original purchase price of £75,000 results in an estimated price of approximately £127,533.
| 28 Feb 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 149.7 | 70.045 % | £75,000 | £52,533 | £127,533 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | 112.374 % | £84,280 | £159,280 |
| 3 Month Average | 104.230 % | £78,172 | £153,172 |
| 6 Month Average | 83.398 % | £62,548 | £137,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £123,125 | £120,000 | 41 BRIGHT STREET |
| 21 Mar 2023 | £141,869 | £139,500 | 68 SHERWOOD STREET |
| 21 Mar 2023 | £141,869 | £139,500 | 69 SHERWOOD STREET |
| 17 Feb 2023 | £130,874 | £130,000 | 43 BRIGHT STREET |
| 29 Apr 2022 | £124,491 | £120,000 | 31 GREAT HAMPTON STREET |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 5 Dec 2012. Using an estimated price of £127,534 means this house is valued at £1,518 per sq meter (£141 per sq foot).
The average size of a house on BRIGHT STREET is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bright Street |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bright Street |
| Sep 2024 | Robbery | Under investigation | On or near Bright Street |
| Sep 2024 | Drugs | Awaiting court outcome | On or near Bright Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Bright Street |