£75,856
This estimated value is based upon the latest sale price for the house of £62,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £62,000 | 21 Feb 2020 |
| £45,400 | 27 Sep 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 February 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £62,000 results in an estimated price of approximately £75,856.
| 21 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £62,000 | £13,856 | £75,856 |
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 | 17.784 % | £11,025 | £73,025 |
| 3 Month Average | 20.460 % | £12,685 | £74,685 |
| 6 Month Average | 19.138 % | £11,865 | £73,865 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £188,295 | £185,000 | 1 BEACONSFIELD DRIVE |
| 3 Jul 2023 | £55,750 | £55,000 | 759 PARKFIELD ROAD |
| 3 Jul 2023 | £58,284 | £57,500 | 762 PARKFIELD ROAD |
| 28 Apr 2023 | £171,850 | £170,000 | 12 GREENLY ROAD |
| 31 Aug 2022 | £114,691 | £115,000 | FLAT 3 548 WOLVERHAMPTON ROAD EAST |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 20 Sep 2012. Using an estimated price of £75,856 means this house is valued at £1,379 per sq meter (£128 per sq foot).
The average size of a house on PARKFIELD ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beaconsfield Drive |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Beaconsfield Drive |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Beaconsfield Drive |
| Dec 2023 | Anti-social behaviour | On or near Beaconsfield Drive | |
| Dec 2023 | Anti-social behaviour | On or near Beaconsfield Drive |