£226,555
This estimated value is based upon the latest sale price for the house of £220,000 on 1 Apr 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£220,000 | 1 Apr 2022 |
£194,995 | 15 Mar 2019 |
Semi-Detached |
Freehold |
Floor Area: 84 sq meters or 904 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 2022 the House Price Index for WEST MIDLANDS was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £220,000 results in an estimated price of approximately £226,555.
1 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
144.3 | 148.6 | 2.980 % | £220,000 | £6,555 | £226,555 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 27.587 % | £60,691 | £280,691 |
3 Month Average | 4.626 % | £10,178 | £230,178 |
6 Month Average | 3.512 % | £7,725 | £227,725 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £172,555 | £170,000 | 9 ELDER ROAD |
11 Jan 2023 | £173,184 | £174,000 | 24 GREAT BRIDGE ROAD |
28 Jun 2022 | £165,337 | £163,000 | 41 SORREL DRIVE |
1 Jun 2022 | £179,537 | £177,000 | 4 TILIA GROVE |
27 May 2022 | £168,169 | £165,000 | 15 ELDER ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 22 Feb 2019. Using an estimated price of £226,556 means this house is valued at £2,697 per sq meter (£250 per sq foot).
The average size of a house on TILIA GROVE is 91 sq meters (985 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Sorrel Drive |
Jan 2024 | Drugs | Under investigation | On or near Laurel Grove |
Jan 2024 | Anti-social behaviour | On or near Laurel Grove | |
Jan 2024 | Anti-social behaviour | On or near Laurel Grove | |
Jan 2024 | Anti-social behaviour | On or near Laurel Grove |