£92,007
This estimated value is based upon the latest sale price for the house of £75,000 on 19 Dec 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £75,000 | 19 Dec 2019 |
| £72,000 | 7 Oct 2016 |
| £72,000 | 7 Oct 2016 |
| Terraced |
| Freehold |
| Floor Area: 38 sq meters or 409 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 December 2019 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £75,000 results in an estimated price of approximately £92,007.
| 19 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £75,000 | £17,007 | £92,007 |
The Postcode Pricing Model uses changes in average sales price within the DY9 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 | 4.368 % | £3,276 | £78,276 |
| 3 Month Average | 0.660 % | £495 | £75,495 |
| 6 Month Average | 14.122 % | £10,591 | £85,591 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £165,111 | £163,000 | 35 SPRING STREET |
| 18 Sep 2023 | £182,331 | £180,000 | 26 GREEN LANE |
| 11 Aug 2023 | £109,962 | £109,000 | 5 GREEN LANE |
| 8 Feb 2023 | £124,916 | £125,000 | 112 CEMETERY ROAD |
| 9 Aug 2022 | £299,195 | £300,000 | 44 SPRING STREET |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 18 Dec 2019. Using an estimated price of £92,007 means this house is valued at £2,421 per sq meter (£224 per sq foot).
The average size of a house on SPRING STREET is 72 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Street |
| Dec 2023 | Anti-social behaviour | On or near Spring Street | |
| Dec 2023 | Anti-social behaviour | On or near Spring Street | |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Street |
| Dec 2023 | Anti-social behaviour | On or near Spring Street |