£281,839
This estimated value is based upon the latest sale price for the house of £166,000 on 26 Oct 2012. 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 Silverlands Close
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| Price Paid | Date |
|---|---|
| £166,000 | 26 Oct 2012 |
| £103,000 | 17 Oct 2001 |
| Detached |
| Leasehold |
| Floor Area: 98 sq meters or 1,054 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 October 2012 the House Price Index for WEST MIDLANDS was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £166,000 results in an estimated price of approximately £281,839.
| 26 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £166,000 | £115,839 | £281,839 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | 25.616 % | £42,522 | £208,522 |
| 3 Month Average | 34.814 % | £57,791 | £223,791 |
| 6 Month Average | 73.705 % | £122,350 | £288,350 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Aug 2022 | £284,235 | £285,000 | 26 SILVERLANDS CLOSE |
| 4 Mar 2022 | £279,791 | £270,000 | 190 BROOKLANDS ROAD |
| 16 Jul 2021 | £187,905 | £163,500 | FLAT 9 COMPASS COURT, 99 WELBY ROAD |
| 5 Jul 2021 | £143,658 | £125,000 | APARTMENT 1 49 WELBY ROAD |
| 25 Jun 2021 | £216,731 | £202,000 | 95 WELBY ROAD |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 20 May 2015. Using an estimated price of £281,840 means this house is valued at £2,875 per sq meter (£267 per sq foot).
The average size of a house on SILVERLANDS CLOSE is 91 sq meters (987 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Silverlands Close |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Silverlands Close |
| Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Silverlands Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Silverlands Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Silverlands Close |