£131,753
This estimated value is based upon the latest sale price for the house of £80,000 on 9 Aug 2013. 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 Rayleigh Road
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| Price Paid | Date |
|---|---|
| £80,000 | 9 Aug 2013 |
| £75,000 | 10 Sep 2003 |
| Terraced |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 2013 the House Price Index for WEST MIDLANDS was 89.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 64.692%.Applying this 64.692% change to the original purchase price of £80,000 results in an estimated price of approximately £131,753.
| 9 Aug 2013 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.0 | 64.692 % | £80,000 | £51,753 | £131,753 |
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 | -46.896 % | £-37,516 | £42,483 |
| 3 Month Average | 33.659 % | £26,927 | £106,927 |
| 6 Month Average | 26.308 % | £21,046 | £101,046 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £140,475 | £140,000 | 61 JEFFCOCK ROAD |
| 20 Dec 2023 | £130,468 | £128,000 | 84 RAYLEIGH ROAD |
| 6 Feb 2023 | £168,155 | £168,950 | 52 RAYLEIGH ROAD |
| 30 Jan 2023 | £111,025 | £112,000 | 81 BRUFORD ROAD |
| 19 Jan 2023 | £183,389 | £185,000 | 32 RAYLEIGH ROAD |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 5 Feb 2014. Using an estimated price of £131,754 means this house is valued at £1,266 per sq meter (£117 per sq foot).
The average size of a house on RAYLEIGH ROAD is 103 sq meters (1,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Rayleigh Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Road |
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Rayleigh Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Road |