£179,951
This estimated value is based upon the latest sale price for the house of £146,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £146,000 | 21 Feb 2020 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 February 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £146,000 results in an estimated price of approximately £179,951.
| 21 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £146,000 | £33,951 | £179,951 |
The Postcode Pricing Model uses changes in average sales price within the CV1 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 | -11.362 % | £-16,589 | £129,410 |
| 3 Month Average | -12.404 % | £-18,110 | £127,889 |
| 6 Month Average | -11.930 % | £-17,417 | £128,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £180,270 | £177,500 | 53 WELLAND ROAD |
| 19 Apr 2023 | £179,355 | £176,000 | 27 WELLAND ROAD |
| 30 Mar 2023 | £381,369 | £375,000 | 20 WELLAND ROAD |
| 21 Mar 2023 | £166,785 | £164,000 | 26 ORWELL ROAD |
| 20 Mar 2023 | £198,312 | £195,000 | 14 WELLAND ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 4 Sep 2020. Using an estimated price of £179,952 means this house is valued at £1,606 per sq meter (£149 per sq foot).
The average size of a house on WELLAND ROAD is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Bicycle theft | Under investigation | On or near Orwell Road |
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Orwell Road |
| Sep 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Orwell Road |
| Sep 2024 | Anti-social behaviour | On or near Orwell Road | |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Orwell Road |