£177,116
This estimated value is based upon the latest sale price for the house of £145,000 on 5 Nov 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £145,000 | 5 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 November 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.149%.Applying this 22.149% change to the original purchase price of £145,000 results in an estimated price of approximately £177,116.
| 5 Nov 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.0 | 22.149 % | £145,000 | £32,116 | £177,116 |
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 | -31.093 % | £-45,084 | £99,915 |
| 3 Month Average | -0.077 % | £-112 | £144,887 |
| 6 Month Average | 22.628 % | £32,811 | £177,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jul 2023 | £244,311 | £242,000 | 54 SCHOFIELD AVENUE |
| 31 Oct 2022 | £199,041 | £202,000 | 112 COLES LANE |
| 29 Jul 2022 | £177,760 | £178,000 | 151 WITTON LANE |
| 27 May 2022 | £186,776 | £184,000 | 1 JEFFERSON CLOSE |
| 20 May 2022 | £169,520 | £167,000 | 157 WITTON LANE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 24 Jul 2018. Using an estimated price of £177,117 means this house is valued at £2,133 per sq meter (£198 per sq foot).
The average size of a house on SCHOFIELD AVENUE is 88 sq meters (954 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greenwood Road |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Greenwood Road |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Wyntor Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jefferson Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lellow Street |