£218,998
This estimated value is based upon the latest sale price for the house of £130,000 on 21 Dec 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £130,000 | 21 Dec 2012 |
| Terraced |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 2012 the House Price Index for WEST MIDLANDS was 87.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 68.461%.Applying this 68.461% change to the original purchase price of £130,000 results in an estimated price of approximately £218,998.
| 21 Dec 2012 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.0 | 68.461 % | £130,000 | £88,998 | £218,998 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | -40.184 % | £-52,238 | £77,761 |
| 3 Month Average | 38.820 % | £50,466 | £180,466 |
| 6 Month Average | 24.703 % | £32,113 | £162,113 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2022 | £291,455 | £295,000 | 7 WORFIELD GARDENS |
| 15 Jul 2022 | £274,629 | £275,000 | 68 COALWAY ROAD |
| 29 Apr 2022 | £138,462 | £135,000 | 40 COALWAY ROAD |
| 28 Apr 2022 | £464,615 | £453,000 | 32 COALWAY ROAD |
| 20 Jan 2022 | £298,830 | £285,100 | 3 LEIGHTON ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 23 Nov 2021. Using an estimated price of £218,999 means this house is valued at £1,921 per sq meter (£178 per sq foot).
The average size of a house on COALWAY ROAD is 118 sq meters (1,278 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Worfield Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Worfield Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Worfield Gardens |
| Jan 2024 | Other crime | Further investigation is not in the public interest | On or near Worfield Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Worfield Gardens |