£284,050
This estimated value is based upon the latest sale price for the house of £228,000 on 5 Apr 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £228,000 | 5 Apr 2019 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 April 2019 the House Price Index for WEST MIDLANDS was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £228,000 results in an estimated price of approximately £284,050.
| 5 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £228,000 | £56,050 | £284,050 |
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 | 97.785 % | £222,950 | £450,950 |
| 3 Month Average | 72.414 % | £165,104 | £393,104 |
| 6 Month Average | 37.042 % | £84,455 | £312,455 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £177,731 | £175,000 | FLAT 21 THE GALLERY, 282 PENN ROAD |
| 15 Mar 2024 | £203,121 | £200,000 | FLAT 11 THE GALLERY, 282 PENN ROAD |
| 26 Oct 2023 | £204,648 | £200,000 | 262 PENN ROAD |
| 12 Oct 2023 | £159,625 | £156,000 | FLAT 23 THE GALLERY, 282 PENN ROAD |
| 21 Sep 2023 | £209,621 | £205,000 | FLAT 7 ALGAR COURT, 231 PENN ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 17 Aug 2018. Using an estimated price of £284,050 means this house is valued at £2,654 per sq meter (£246 per sq foot).
The average size of a house on ALEXANDRA ROAD is 111 sq meters (1,195 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Penn Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Penn Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penn Road |
| Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Penn Road |
| Jul 2024 | Anti-social behaviour | On or near Penn Road |