£186,761
This estimated value is based upon the latest sale price for the house of £110,000 on 26 Oct 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £110,000 | 26 Oct 2012 |
| Semi-Detached |
| Leasehold |
| Floor Area: 47 sq meters or 509 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 October 2012 the House Price Index for WEST MIDLANDS was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £110,000 results in an estimated price of approximately £186,761.
| 26 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £110,000 | £76,761 | £186,761 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 50.525 % | £55,577 | £165,577 |
| 3 Month Average | 69.022 % | £75,923 | £185,923 |
| 6 Month Average | 76.994 % | £84,692 | £194,692 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £172,202 | £170,000 | 2 TEACHERS CLOSE |
| 25 Jul 2023 | £172,319 | £170,000 | 5 TEACHERS CLOSE |
| 7 Jul 2023 | £167,251 | £165,000 | 15 BANKS ROAD |
| 6 Jul 2023 | £187,524 | £185,000 | 71 BANKS ROAD |
| 29 Jun 2023 | £268,249 | £265,000 | 46 THREE SPIRES AVENUE |
This house has a floor area of 47 sq meters or 509 sq feet when measured on 5 Aug 2011. Using an estimated price of £186,761 means this house is valued at £3,948 per sq meter (£366 per sq foot).
The average size of a house on TEACHERS CLOSE is 56 sq meters (613 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Teachers Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Banks Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Banks Road |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Banks Road |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Banks Road |