£143,635
This estimated value is based upon the latest sale price for the house of £43,500 on 21 Sep 2001. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £43,500 | 21 Sep 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 September 2001 the House Price Index for WEST MIDLANDS was 45.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 230.197%.Applying this 230.197% change to the original purchase price of £43,500 results in an estimated price of approximately £143,635.
| 21 Sep 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 149.7 | 230.197 % | £43,500 | £100,135 | £143,635 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 349.086 % | £151,852 | £195,352 |
| 3 Month Average | 200.898 % | £87,390 | £130,890 |
| 6 Month Average | 217.751 % | £94,721 | £138,221 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £190,000 | £190,000 | 26 RAYLEIGH ROAD |
| 8 May 2024 | £160,000 | £160,000 | 62 RAYLEIGH ROAD |
| 21 Mar 2024 | £156,403 | £154,000 | 12 RAYLEIGH ROAD |
| 20 Dec 2023 | £132,058 | £128,000 | 84 RAYLEIGH ROAD |
| 30 Nov 2023 | £194,949 | £190,000 | 25 RAYLEIGH ROAD |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 19 Nov 2020. Using an estimated price of £143,636 means this house is valued at £1,408 per sq meter (£130 per sq foot).
The average size of a house on RAYLEIGH ROAD is 103 sq meters (1,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Road |
| Jul 2024 | Anti-social behaviour | On or near Rayleigh Road | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rayleigh Road |
| May 2024 | Public order | Investigation complete; no suspect identified | On or near Rayleigh Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Rayleigh Road |