£760,374
This estimated value is based upon the latest sale price for the house of £125,000 on 4 Oct 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £125,000 | 4 Oct 2023 |
| £79,000 | 23 Jan 2009 |
| £97,949 | 21 Dec 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 590 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 2023 the House Price Index for WEST MIDLANDS was 24.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 508.300%.Applying this 508.300% change to the original purchase price of £125,000 results in an estimated price of approximately £760,374.
| 4 Oct 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 148.6 | 508.300 % | £125,000 | £635,374 | £760,374 |
The Postcode Pricing Model uses changes in average sales price within the WS10 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 | -30.392 % | £-37,990 | £87,009 |
| 3 Month Average | -41.559 % | £-51,948 | £73,051 |
| 6 Month Average | -3.027 % | £-3,783 | £121,216 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £121,554 | £120,000 | 49 WEDGBURY CLOSE |
| 26 Jul 2023 | £126,705 | £125,000 | 23 WEDGBURY CLOSE |
| 19 Jun 2023 | £124,508 | £123,000 | 35 WEDGBURY CLOSE |
| 1 Sep 2022 | £121,023 | £122,000 | 25 WEDGBURY CLOSE |
| 30 Jun 2022 | £319,515 | £315,000 | 15 CHESTNUT ROAD |
This house has a floor area of 54 sq meters or 590 sq feet when measured on 2 Dec 2008.
The average size of a house on WEDGBURY CLOSE is 59 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Wedgbury Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wedgbury Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near College Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near River Walk |
| Jan 2024 | Anti-social behaviour | On or near Tame Crossing |