£195,971
This estimated value is based upon the latest sale price for the house of £155,000 on 26 Jan 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £155,000 | 26 Jan 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 48 sq meters or 516 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 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £155,000 results in an estimated price of approximately £195,971.
| 26 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £155,000 | £40,971 | £195,971 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | -20.639 % | £-31,990 | £123,009 |
| 3 Month Average | 17.906 % | £27,754 | £182,754 |
| 6 Month Average | 37.957 % | £58,833 | £213,833 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2023 | £141,207 | £138,000 | 35 WESTERN AVENUE |
| 15 Feb 2023 | £125,841 | £125,000 | 18 GLENHURST CLOSE |
| 20 Jan 2023 | £140,375 | £140,000 | 2 GLENHURST CLOSE |
| 19 Jan 2023 | £200,536 | £200,000 | 37 POPLAR AVENUE |
| 18 Nov 2022 | £238,883 | £240,000 | 369 STROUD AVENUE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 19 Oct 2017. Using an estimated price of £195,971 means this house is valued at £4,082 per sq meter (£379 per sq foot).
The average size of a house on FAVERSHAM CLOSE is 83 sq meters (894 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Faversham Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Condover Close |
| Apr 2024 | Anti-social behaviour | On or near Glenhurst Close | |
| Apr 2024 | Anti-social behaviour | On or near Glenhurst Close | |
| Apr 2024 | Anti-social behaviour | On or near Glenhurst Close |