£73,442
This estimated value is based upon the latest sale price for the house of £70,000 on 20 Nov 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£70,000 | 20 Nov 2023 |
£91,500 | 30 Dec 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 558 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 November 2023 the House Price Index for WEST MIDLANDS was 97.6.
The House Price Index as of 1 Feb 2025 is 102.4 which is a change of 4.918%.Applying this 4.918% change to the original purchase price of £70,000 results in an estimated price of approximately £73,442.
20 Nov 2023 | 1 Feb 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
97.6 | 102.4 | 4.918 % | £70,000 | £3,442 | £73,442 |
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 | 1.763 % | £1,234 | £71,234 |
3 Month Average | 23.938 % | £16,756 | £86,756 |
6 Month Average | 12.340 % | £8,637 | £78,637 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Oct 2024 | £101,992 | £100,000 | 10 LONDON PLACE |
8 Aug 2024 | £75,128 | £73,000 | 18 MARKET SQUARE |
26 Apr 2024 | £114,588 | £110,000 | 57 MARKET SQUARE PITT STREET |
20 Nov 2023 | £73,443 | £70,000 | 65 MARKET SQUARE |
30 Jun 2023 | £103,954 | £99,995 | 61 MARKET SQUARE |
This house has a floor area of 51 sq meters or 558 sq feet when measured on 30 Jan 2009. Using an estimated price of £73,443 means this house is valued at £1,416 per sq meter (£131 per sq foot).
The average size of a house on MARKET SQUARE is 66 sq meters (716 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2024 | Other theft | Investigation complete; no suspect identified | On or near London Place |
Mar 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Pitt Street |
Mar 2025 | Violence and sexual offences | Under investigation | On or near Pitt Street |
Jan 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Pitt Street |
Mar 2025 | Violence and sexual offences | Under investigation | On or near Little Brickiln Street |