£68,409
This estimated value is based upon the latest sale price for the house of £53,000 on 26 Jun 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £53,000 | 26 Jun 2017 |
| £95,000 | 11 Sep 2008 |
| Terraced |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 June 2017 the House Price Index for WEST MIDLANDS was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £53,000 results in an estimated price of approximately £68,409.
| 26 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £53,000 | £15,409 | £68,409 |
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 | 26.480 % | £14,034 | £67,034 |
| 3 Month Average | 59.459 % | £31,513 | £84,513 |
| 6 Month Average | 35.710 % | £18,926 | £71,926 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £185,000 | £185,000 | 307 WOLVERHAMPTON ROAD EAST |
| 2 May 2024 | £48,000 | £48,000 | 734 PARKFIELD ROAD |
| 15 Dec 2023 | £190,865 | £185,000 | 1 BEACONSFIELD DRIVE |
| 28 Apr 2023 | £173,240 | £170,000 | 12 GREENLY ROAD |
| 31 Aug 2022 | £115,540 | £115,000 | FLAT 3 548 WOLVERHAMPTON ROAD EAST |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 2 Dec 2020. Using an estimated price of £68,409 means this house is valued at £1,266 per sq meter (£117 per sq foot).
The average size of a house on PARKFIELD ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beaconsfield Drive |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Beaconsfield Drive |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beaconsfield Drive |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beaconsfield Drive |
| May 2024 | Drugs | Local resolution | On or near Beaconsfield Drive |