£358,117
This estimated value is based upon the latest sale price for the house of £285,000 on 4 May 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £285,000 | 4 May 2018 |
| £249,950 | 27 Mar 2009 |
| Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,264 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 2018 the House Price Index for WEST MIDLANDS was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £285,000 results in an estimated price of approximately £358,117.
| 4 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £285,000 | £73,117 | £358,117 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | -29.119 % | £-82,989 | £202,010 |
| 3 Month Average | 14.426 % | £41,113 | £326,113 |
| 6 Month Average | 28.502 % | £81,231 | £366,231 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £143,646 | £140,000 | 39 BASALT CLOSE |
| 12 Sep 2023 | £235,184 | £230,000 | 38 BASALT CLOSE |
| 30 Jun 2023 | £153,067 | £150,000 | 20 BASALT CLOSE |
| 30 Jun 2022 | £281,007 | £275,000 | 20 RAGSTONE CLOSE |
| 27 May 2022 | £225,885 | £220,000 | 48 PARKVIEW CRESCENT |
This house has a floor area of 117 sq meters or 1,264 sq feet when measured on 1 Dec 2008. Using an estimated price of £358,117 means this house is valued at £3,047 per sq meter (£283 per sq foot).
The average size of a house on RAGSTONE CLOSE is 119 sq meters (1,285 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Ragstone Close | |
| Jun 2024 | Anti-social behaviour | On or near Ragstone Close | |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ragstone Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Basalt Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Basalt Close |