£1,010,576
This estimated value is based upon the latest sale price for the house of £650,000 on 18 Oct 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £650,000 | 18 Oct 2007 |
| £249,000 | 1 Apr 1999 |
| Detached |
| Freehold |
| Floor Area: 241 sq meters or 2,594 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 October 2007 the House Price Index for WEST MIDLANDS was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £650,000 results in an estimated price of approximately £1,010,576.
| 18 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 148.6 | 55.473 % | £650,000 | £360,576 | £1,010,576 |
The Postcode Pricing Model uses changes in average sales price within the DY9 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 | 18.031 % | £117,201 | £767,201 |
| 3 Month Average | 20.325 % | £132,109 | £782,109 |
| 6 Month Average | 38.047 % | £247,306 | £897,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £688,807 | £680,000 | 35 STUARTS GREEN |
| 23 Aug 2023 | £650,692 | £645,000 | 21 BELL MEADOW |
| 31 Jan 2022 | £827,193 | £786,000 | 12 IRONBRIDGE WALK |
| 14 Jan 2022 | £605,135 | £575,000 | 86 REDLAKE DRIVE |
| 12 Nov 2021 | £621,870 | £575,000 | 15 TREHERNES DRIVE |
This house has a floor area of 241 sq meters or 2,594 sq feet when measured on 17 Aug 2020. Using an estimated price of £1,010,577 means this house is valued at £4,193 per sq meter (£389 per sq foot).
The average size of a house on REDLAKE DRIVE is 218 sq meters (2,348 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wigorn Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferndale Park |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferndale Park |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Polo Fields |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parish Gardens |