£1,715,847
This estimated value is based upon the latest sale price for the house of £280,000 on 9 Aug 2024. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £280,000 | 9 Aug 2024 |
| Detached |
| Freehold |
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 August 2024 the House Price Index for WEST MIDLANDS was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £280,000 results in an estimated price of approximately £1,715,847.
| 9 Aug 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £280,000 | £1,435,847 | £1,715,847 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | -15.472 % | £-43,320 | £236,679 |
| 3 Month Average | -0.676 % | £-1,892 | £278,107 |
| 6 Month Average | 2.506 % | £7,017 | £287,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2024 | £280,000 | £280,000 | 567 STAFFORD ROAD |
| 18 Sep 2023 | £262,793 | £257,000 | 4 NEWBURY ROAD |
| 27 Jan 2023 | £230,616 | £230,000 | 21 WINCHESTER ROAD |
| 22 Apr 2022 | £143,164 | £138,000 | 17 THREE TUNS LANE |
| 11 Mar 2022 | £220,270 | £211,000 | 553 STAFFORD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Penkridge Gardens |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Penkridge Gardens |
| Oct 2024 | Other crime | Unable to prosecute suspect | On or near Penkridge Gardens |
| Sep 2024 | Drugs | Under investigation | On or near Penkridge Gardens |
| Sep 2024 | Other theft | Under investigation | On or near Penkridge Gardens |