£161,705
This estimated value is based upon the latest sale price for the house of £106,000 on 1 Aug 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £106,000 | 1 Aug 2014 |
| £100,000 | 15 Oct 2010 |
| £77,000 | 25 Jan 2008 |
| Terraced |
| Freehold |
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 August 2014 the House Price Index for WEST MIDLANDS was 98.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 52.553%.Applying this 52.553% change to the original purchase price of £106,000 results in an estimated price of approximately £161,705.
| 1 Aug 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 149.7 | 52.553 % | £106,000 | £55,705 | £161,705 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 74.946 % | £79,442 | £185,442 |
| 3 Month Average | 58.701 % | £62,222 | £168,222 |
| 6 Month Average | 55.495 % | £58,824 | £164,824 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2024 | £185,000 | £185,000 | 123 VICTORIA ROAD |
| 26 Mar 2024 | £160,465 | £158,000 | 18 VICTORIA ROAD |
| 28 Nov 2023 | £277,032 | £270,000 | 51 VICTORIA ROAD |
| 17 Nov 2023 | £156,985 | £153,000 | 117 VICTORIA ROAD |
| 4 Sep 2023 | £173,832 | £170,000 | 3 VICTORIA ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Victoria Road |
| Aug 2024 | Anti-social behaviour | On or near Victoria Road | |
| Aug 2024 | Anti-social behaviour | On or near Victoria Road | |
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Victoria Road |
| Oct 2024 | Vehicle crime | Under investigation | On or near Highfield Crescent |