£299,863
This estimated value is based upon the latest sale price for the house of £222,000 on 4 Mar 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £222,000 | 4 Mar 2016 |
| £230,000 | 29 Jan 2016 |
| £237,995 | 27 Aug 2004 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 March 2016 the House Price Index for WEST MIDLANDS was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £222,000 results in an estimated price of approximately £299,863.
| 4 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £222,000 | £77,863 | £299,863 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -4.521 % | £-10,036 | £211,963 |
| 3 Month Average | 33.036 % | £73,340 | £295,340 |
| 6 Month Average | 58.235 % | £129,281 | £351,281 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £364,414 | £360,000 | 18 HAYPITS CLOSE |
| 21 Jun 2023 | £309,752 | £306,000 | GARAGE 64 PENNYHILL LANE |
| 21 Jun 2023 | £309,752 | £306,000 | 64 PENNYHILL LANE |
| 27 Jan 2023 | £99,531 | £100,000 | 23 HARRINGTON CROFT |
| 20 Jun 2022 | £322,558 | £318,000 | 61 HOPKINS DRIVE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 23 Sep 2014. Using an estimated price of £299,864 means this house is valued at £2,802 per sq meter (£260 per sq foot).
The average size of a house on PENNYHILL LANE is 111 sq meters (1,203 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near David Harman Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near David Harman Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near David Harman Drive |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near David Harman Drive |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near David Harman Drive |