£130,397
This estimated value is based upon the latest sale price for the house of £127,000 on 30 May 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £127,000 | 30 May 2022 |
| £89,000 | 24 Aug 2012 |
| £28,000 | 4 Mar 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 May 2022 the House Price Index for WEST MIDLANDS was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £127,000 results in an estimated price of approximately £130,397.
| 30 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £127,000 | £3,397 | £130,397 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | -29.535 % | £-37,509 | £89,490 |
| 3 Month Average | -11.826 % | £-15,019 | £111,980 |
| 6 Month Average | -4.492 % | £-5,704 | £121,295 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2024 | £225,000 | £225,000 | 12 DERWENT CLOSE |
| 21 Jun 2024 | £277,500 | £277,500 | 18 OSBASTON CLOSE |
| 4 Apr 2024 | £201,752 | £200,000 | 81 UNICORN AVENUE |
| 28 Mar 2024 | £251,362 | £247,500 | 166 UPPER EASTERN GREEN LANE |
| 6 Oct 2023 | £245,578 | £240,000 | 90 UNICORN AVENUE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 27 Oct 2021. Using an estimated price of £130,397 means this house is valued at £2,328 per sq meter (£216 per sq foot).
The average size of a house on DERWENT CLOSE is 70 sq meters (763 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Derwent Close |
| Jul 2024 | Possession of weapons | Under investigation | On or near Derwent Close |
| Aug 2024 | Anti-social behaviour | On or near Unicorn Avenue | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Hove Avenue |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Stonebury Avenue |