£281,780
This estimated value is based upon the latest sale price for the house of £235,000 on 4 Aug 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near The Summit
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| Price Paid | Date |
|---|---|
| £235,000 | 4 Aug 2020 |
| £204,000 | 15 Sep 2017 |
| £45,000 | 26 Aug 2005 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 August 2020 the House Price Index for WEST MIDLANDS was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £235,000 results in an estimated price of approximately £281,780.
| 4 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £235,000 | £46,780 | £281,780 |
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 | -56.555 % | £-132,903 | £102,096 |
| 3 Month Average | 23.213 % | £54,551 | £289,551 |
| 6 Month Average | 18.175 % | £42,711 | £277,711 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2023 | £233,138 | £230,000 | 45 CROFTWOOD ROAD |
| 7 Jul 2023 | £309,161 | £305,000 | 8 THE SUMMIT |
| 23 Mar 2023 | £222,092 | £220,000 | 18 TEASDALE WAY |
| 3 Feb 2023 | £374,748 | £375,000 | 21 LANGDALE WAY |
| 28 Jul 2022 | £300,810 | £300,000 | 61 CROFTWOOD ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 3 Feb 2020. Using an estimated price of £281,781 means this house is valued at £2,789 per sq meter (£259 per sq foot).
The average size of a house on BEACON RISE is 135 sq meters (1,461 sq feet).
This house is the smallest in the street with a floor area of 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near The Summit |
| Mar 2024 | Burglary | Under investigation | On or near The Summit |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Summit |
| Jan 2024 | Anti-social behaviour | On or near The Summit | |
| Jan 2024 | Anti-social behaviour | On or near The Summit |