£581,296
This estimated value is based upon the latest sale price for the house of £195,000 on 8 Mar 2002. 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 Elviron Drive
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| Price Paid | Date |
|---|---|
| £195,000 | 8 Mar 2002 |
| Detached |
| Freehold |
| Floor Area: 267 sq meters or 2,873 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 March 2002 the House Price Index for WEST MIDLANDS was 49.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 198.101%.Applying this 198.101% change to the original purchase price of £195,000 results in an estimated price of approximately £581,296.
| 8 Mar 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 146.7 | 198.101 % | £195,000 | £386,296 | £581,296 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 347.928 % | £678,459 | £873,459 |
| 3 Month Average | 182.437 % | £355,752 | £550,752 |
| 6 Month Average | 186.261 % | £363,209 | £558,209 |
This house has a floor area of 267 sq meters or 2,873 sq feet when measured on 4 Oct 2016.
The average size of a house on REDHOUSE ROAD is 146 sq meters (1,575 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near Elviron Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near The Meadway |