£5,619,495
This estimated value is based upon the latest sale price for the house of £4,580,000 on 3 Sep 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £4,580,000 | 3 Sep 2019 |
| £15,000 | 15 Nov 2000 |
| Freehold |
| Floor Area: 80 sq meters or 861 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 September 2019 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.696%.Applying this 22.696% change to the original purchase price of £4,580,000 results in an estimated price of approximately £5,619,495.
| 3 Sep 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.696 % | £4,580,000 | £1,039,495 | £5,619,495 |
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 | -54.314 % | £-2,487,575 | £2,092,424 |
| 3 Month Average | -5.401 % | £-247,360 | £4,332,639 |
| 6 Month Average | 12.392 % | £567,540 | £5,147,540 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £68,374 | £67,500 | 81A ESSINGTON WAY |
| 19 Sep 2023 | £126,619 | £125,000 | 6 ABINGDON CLOSE |
| 10 Aug 2023 | £142,244 | £141,000 | 17 JULIAN ROAD |
| 24 Mar 2023 | £166,569 | £165,000 | 25 JULIAN ROAD |
| 17 Feb 2023 | £154,896 | £155,000 | 310 WILLENHALL ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 18 Jan 2016. Using an estimated price of £5,619,496 means this house is valued at £70,243 per sq meter (£6,525 per sq foot).
The average size of a house on ESSINGTON WAY is 77 sq meters (831 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Abingdon Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Abingdon Road |
| Mar 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Essington Way |
| Mar 2024 | Burglary | Under investigation | On or near Essington Way |
| Mar 2024 | Burglary | Under investigation | On or near Essington Way |