£841,035
This estimated value is based upon the latest sale price for the house of £580,000 on 6 Jul 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£580,000 | 6 Jul 2015 |
Detached |
Freehold |
Floor Area: 315 sq meters or 3,390 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 2015 the House Price Index for WEST MIDLANDS was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £580,000 results in an estimated price of approximately £841,035.
6 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 149.7 | 45.006 % | £580,000 | £261,035 | £841,035 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | -0.913 % | £-5,296 | £574,703 |
3 Month Average | 22.320 % | £129,454 | £709,454 |
6 Month Average | 31.735 % | £184,061 | £764,061 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Apr 2023 | £560,483 | £550,000 | 74 WERGS ROAD |
9 Mar 2023 | £732,228 | £720,000 | 88 WERGS ROAD |
25 Jan 2023 | £426,139 | £425,000 | 63 HENRY FOWLER DRIVE |
29 Jul 2022 | £333,340 | £330,000 | 1 ELLEN PLACE |
30 Jun 2022 | £346,405 | £339,000 | 9 ELLEN PLACE |
This house has a floor area of 315 sq meters or 3,390 sq feet when measured on 1 May 2014. Using an estimated price of £841,036 means this house is valued at £2,669 per sq meter (£248 per sq foot).
The average size of a house on WERGS ROAD is 204 sq meters (2,202 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Henry Fowler Drive |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Popes Lane |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near Popes Lane |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Popes Lane |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Birchfield Avenue |