£89,826
This estimated value is based upon the latest sale price for the house of £50,000 on 29 Sep 2009. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £50,000 | 29 Sep 2009 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 2009 the House Price Index for WEST MIDLANDS was 83.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 79.652%.Applying this 79.652% change to the original purchase price of £50,000 results in an estimated price of approximately £89,826.
| 29 Sep 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 149.7 | 79.652 % | £50,000 | £39,826 | £89,826 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 49.833 % | £24,916 | £74,916 |
| 3 Month Average | 68.337 % | £34,168 | £84,168 |
| 6 Month Average | 50.804 % | £25,402 | £75,402 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £94,401 | £91,500 | 20 MARTIN STREET |
| 8 Nov 2023 | £100,552 | £98,000 | 13 MARTIN STREET |
| 20 May 2022 | £200,216 | £195,000 | 27 MARTIN STREET |
| 14 Apr 2022 | £103,742 | £100,000 | 19 MARTIN STREET |
| 8 Dec 2021 | £118,724 | £110,000 | 10 MARTIN STREET |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 15 Apr 2021. Using an estimated price of £89,826 means this house is valued at £855 per sq meter (£79 per sq foot).
The average size of a house on PARKFIELD ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Martin Street |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Martin Street |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Martin Street |
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Martin Street |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Martin Street |