£312,999
This estimated value is based upon the latest sale price for the house of £290,000 on 16 Dec 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £290,000 | 16 Dec 2021 |
| £200,000 | 2 Sep 2015 |
| Detached |
| Freehold |
| Floor Area: 84 sq meters or 909 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 December 2021 the House Price Index for WEST MIDLANDS was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £290,000 results in an estimated price of approximately £312,999.
| 16 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £290,000 | £22,999 | £312,999 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | -51.003 % | £-147,908 | £142,091 |
| 3 Month Average | 3.860 % | £11,192 | £301,192 |
| 6 Month Average | 43.295 % | £125,555 | £415,555 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £320,126 | £312,000 | 47 PATRICIA AVENUE |
| 30 Jun 2023 | £316,339 | £310,000 | 33 PATRICIA AVENUE |
| 26 Jun 2023 | £231,642 | £227,000 | MAURILDA PARK DRIVE |
| 16 Jun 2023 | £303,584 | £297,500 | 18 BENSON AVENUE |
| 20 Jan 2023 | £404,581 | £403,500 | 57 PATRICIA AVENUE |
This house has a floor area of 84 sq meters or 909 sq feet when measured on 2 Jul 2010. Using an estimated price of £312,999 means this house is valued at £3,705 per sq meter (£344 per sq foot).
The average size of a house on PARK DRIVE is 129 sq meters (1,390 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Park Drive |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Park Drive |
| Oct 2024 | Anti-social behaviour | On or near Park Avenue | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Park Avenue |