£302,061
This estimated value is based upon the latest sale price for the house of £240,000 on 11 Jul 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 11 Jul 2017 |
| £225,000 | 26 Oct 2012 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 July 2017 the House Price Index for WEST MIDLANDS was 116.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.859%.Applying this 25.859% change to the original purchase price of £240,000 results in an estimated price of approximately £302,061.
| 11 Jul 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 146.7 | 25.859 % | £240,000 | £62,061 | £302,061 |
The Postcode Pricing Model uses changes in average sales price within the CV4 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 | 27.363 % | £65,670 | £305,670 |
| 3 Month Average | -14.126 % | £-33,902 | £206,097 |
| 6 Month Average | 1.643 % | £3,943 | £243,943 |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 9 Oct 2012.
The average size of a house on MOLAY CLOSE is 86 sq meters (928 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Molay Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Molay Close |
| Feb 2024 | Public order | Under investigation | On or near Gilbert Horal Close |
| Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Gilbert Horal Close |
| Feb 2024 | Anti-social behaviour | On or near Gilbert Horal Close |