£141,693
This estimated value is based upon the latest sale price for the house of £116,000 on 20 Nov 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £116,000 | 20 Nov 2019 |
| £87,000 | 12 Sep 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.149%.Applying this 22.149% change to the original purchase price of £116,000 results in an estimated price of approximately £141,693.
| 20 Nov 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.0 | 22.149 % | £116,000 | £25,693 | £141,693 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 28.296 % | £32,823 | £148,823 |
| 3 Month Average | 13.666 % | £15,852 | £131,852 |
| 6 Month Average | 21.588 % | £25,042 | £141,042 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £176,671 | £175,000 | 5 PACE CRESCENT |
| 21 Jul 2023 | £208,977 | £207,000 | 130 WALLACE ROAD |
| 28 Jun 2023 | £182,984 | £181,500 | 7 ASHFIELD ROAD |
| 19 Jun 2023 | £122,997 | £122,000 | 21 WALLACE ROAD |
| 25 Apr 2023 | £122,914 | £122,000 | 122 WALLACE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 17 Aug 2016. Using an estimated price of £141,693 means this house is valued at £1,793 per sq meter (£166 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near School Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pace Crescent |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pace Crescent |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pace Crescent |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pace Crescent |