£253,994
This estimated value is based upon the latest sale price for the house of £47,000 on 1 May 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£47,000 | 1 May 1997 |
Terraced |
Freehold |
Floor Area: 85 sq meters or 914 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 May 1997 the House Price Index for WEST MIDLANDS was 19.3.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 440.415%.Applying this 440.415% change to the original purchase price of £47,000 results in an estimated price of approximately £253,994.
1 May 1997 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
19.3 | 104.3 | 440.415 % | £47,000 | £206,994 | £253,994 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 363.356 % | £170,777 | £217,777 |
3 Month Average | 372.587 % | £175,115 | £222,115 |
6 Month Average | 344.361 % | £161,849 | £208,849 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Jan 2025 | £230,979 | £225,000 | 12 FAIRVIEW CLOSE |
18 Dec 2024 | £201,172 | £195,000 | 36 FAIRVIEW CRESCENT |
23 Sep 2024 | £262,324 | £250,000 | 71 PRESTWOOD ROAD WEST |
28 Mar 2024 | £213,511 | £200,000 | 6 FAIRVIEW CLOSE |
13 Mar 2024 | £301,584 | £282,500 | 73 PRESTWOOD ROAD WEST |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 20 Jan 2014. Using an estimated price of £253,995 means this house is valued at £2,988 per sq meter (£277 per sq foot).
The average size of a house on FAIRVIEW CLOSE is 103 sq meters (1,112 sq feet).
This house is the smallest in the street with a floor area of 85 sq meters (914 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2025 | Public order | Under investigation | On or near Fairview Close |
Mar 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairview Grove |
Jan 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairview Grove |
Feb 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairview Road |
Feb 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairview Road |