£338,568
This estimated value is based upon the latest sale price for the house of £112,500 on 15 Apr 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £112,500 | 15 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 April 2002 the House Price Index for WEST MIDLANDS was 49.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 200.950%.Applying this 200.950% change to the original purchase price of £112,500 results in an estimated price of approximately £338,568.
| 15 Apr 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 149.7 | 200.950 % | £112,500 | £226,068 | £338,568 |
The Postcode Pricing Model uses changes in average sales price within the B75 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 | 122.995 % | £138,369 | £250,869 |
| 3 Month Average | 155.455 % | £174,887 | £287,387 |
| 6 Month Average | 156.755 % | £176,349 | £288,849 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £346,524 | £341,200 | 5 GRANGE AVENUE |
| 20 Dec 2023 | £294,035 | £285,000 | 77 DUGDALE CRESCENT |
| 1 Nov 2023 | £292,423 | £285,000 | 34 GIBBONS ROAD |
| 20 Sep 2023 | £322,100 | £315,000 | 9 GRANGE AVENUE |
| 3 Aug 2023 | £173,122 | £170,000 | 47 REDNALL DRIVE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 10 Jul 2015. Using an estimated price of £338,569 means this house is valued at £4,128 per sq meter (£383 per sq foot).
The average size of a house on GIBBONS ROAD is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grange Lane |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Grange Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grange Lane |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grange Lane |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grange Lane |