£247,463
This estimated value is based upon the latest sale price for the house of £243,000 on 16 Aug 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £243,000 | 16 Aug 2023 |
| £118,000 | 8 Jun 2009 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 765 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 August 2023 the House Price Index for WEST MIDLANDS was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £243,000 results in an estimated price of approximately £247,463.
| 16 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £243,000 | £4,463 | £247,463 |
The Postcode Pricing Model uses changes in average sales price within the B43 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 | -4.169 % | £-10,130 | £232,869 |
| 3 Month Average | 11.660 % | £28,333 | £271,333 |
| 6 Month Average | 5.113 % | £12,423 | £255,423 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £212,261 | £209,000 | 174 CHANTREY CRESCENT |
| 8 Mar 2024 | £401,163 | £395,000 | 35 STANHOPE WAY |
| 30 Nov 2023 | £287,293 | £280,000 | 600 QUESLETT ROAD |
| 16 Aug 2023 | £247,463 | £243,000 | 60 STANHOPE WAY |
| 26 Jun 2023 | £229,601 | £225,000 | 40 STANHOPE WAY |
This house has a floor area of 71 sq meters or 765 sq feet when measured on 19 Jan 2009. Using an estimated price of £247,463 means this house is valued at £3,480 per sq meter (£323 per sq foot).
The average size of a house on STANHOPE WAY is 88 sq meters (954 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Stanhope Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brooking Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brooking Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brooking Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brooking Close |