£265,619
This estimated value is based upon the latest sale price for the house of £212,500 on 12 Jan 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Pennhouse Avenue
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Price Paid | Date |
---|---|
£212,500 | 12 Jan 2018 |
£190,000 | 5 Sep 2008 |
£57,000 | 8 Mar 1996 |
Semi-Detached |
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 January 2018 the House Price Index for WEST MIDLANDS was 118.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.997%.Applying this 24.997% change to the original purchase price of £212,500 results in an estimated price of approximately £265,619.
12 Jan 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.4 | 148.0 | 24.997 % | £212,500 | £53,119 | £265,619 |
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 | 17.513 % | £37,215 | £249,715 |
3 Month Average | -0.906 % | £-1,925 | £210,574 |
6 Month Average | 14.998 % | £31,869 | £244,369 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £382,231 | £375,000 | 71 PENNHOUSE AVENUE |
6 Jun 2023 | £403,270 | £400,000 | 3 OSBORNE ROAD |
10 Feb 2023 | £418,023 | £420,000 | 11 OSBORNE ROAD |
24 Jan 2023 | £346,952 | £350,000 | 29 PENNHOUSE AVENUE |
30 Nov 2022 | £250,931 | £255,000 | 89 PENNHOUSE AVENUE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 21 Jul 2017. Using an estimated price of £265,619 means this house is valued at £3,320 per sq meter (£308 per sq foot).
The average size of a house on PENNHOUSE AVENUE is 118 sq meters (1,271 sq feet).
This house is the smallest in the street with a floor area of 80 sq meters (861 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Pennhouse Avenue |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Osborne Road |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Road |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grosvenor Park |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grosvenor Park |