£194,011
This estimated value is based upon the latest sale price for the house of £171,000 on 26 Jul 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Chester Close
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| Price Paid | Date |
|---|---|
| £171,000 | 26 Jul 2021 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 July 2021 the House Price Index for WEST MIDLANDS was 129.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 13.457%.Applying this 13.457% change to the original purchase price of £171,000 results in an estimated price of approximately £194,011.
| 26 Jul 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 146.7 | 13.457 % | £171,000 | £23,011 | £194,011 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | -14.521 % | £-24,830 | £146,169 |
| 3 Month Average | -3.575 % | £-6,112 | £164,887 |
| 6 Month Average | -2.992 % | £-5,116 | £165,883 |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 4 Oct 2020.
The average size of a house on LINCOLN AVENUE is 90 sq meters (975 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Chester Close |
| Mar 2024 | Burglary | Under investigation | On or near Chester Close |
| Feb 2024 | Robbery | Unable to prosecute suspect | On or near Chester Close |
| Jan 2024 | Anti-social behaviour | On or near Chester Close | |
| Jan 2024 | Anti-social behaviour | On or near Chester Close |